By Carlos Marroquin Los Angeles, March 17, 2013 – In recent months, real estate pundits have been saying that the housing markets are recovering. They point to increases in sales and home prices, as well as a decline in foreclosure filings, and predict that the worst of the foreclosure crisis is over. The […]
Is Tim Geithner Now Eating His Words U.S. Won’t Be Downgraded?
Over the past year we’ve spent a great deal of time pointing out the lies, called "revisions," from President Obama and our Fed Chief, Big Ben Bernanke. We take no joy in calling your attention to the massive deficit of action from these two. But when you’re right… you’re right. In the past two weeks […]
Protect Yourself From a U.S. Debt Default
The U.S. is in a very scary position right now… We have a real chance of defaulting on our debt. The government is still arguing over what to do about the debt ceiling, and if they can’t find a solution we’re looking at an economic meltdown. The rating agencies are starting to catch on. Moody’s […]
Eurozone Tragicomedy Leads to the Printing Press
How will the never-ending eurozone crisis finally end? All roads lead to the printing press… Recently, I have said, "watch the bond market." The action in U.S. Treasury bonds makes for a good risk barometer. If bond prices rise and yields fall, that means "risk off" is back on the menu. That is what happened this week. […]
Keep a Close Eye on the Bond Market
With the U.S. recovery again in doubt, it’s more important than ever to watch the bond market here. Friday’s jobs report was a great banana peel on which Mr. Market slipped. Via The Wall Street Journal: The U.S. economy barely added jobs for the second month in a row in June and the unemployment rate rose […]
‘For the Sake of the Children,’ Let Social Security Die
Social Security, Medicare and Medicaid are bound to fail. Rather than fight the inevitable, we should let these programs die gracefully. I always hate it when a politician says, "For the sake of the children." It’s really just code for "we’re going to tax you." In this case, however, it really is for our children’s […]
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