by irdadmin | Feb 4, 2016 | Financial Markets, U.S. Economy
[Note: A reader alerted me to this – LINK – which explains the $19 billion drop in Capital Surplus. Congress passed a law requiring all surplus capital at the Fed in excess of $10 billion to be transferred to the Treasury as part of the Highway Bill...
by irdadmin | Feb 3, 2016 | Financial Markets, Housing Market, U.S. Economy
There has been no improvement in underlying consumer liquidity conditions. Correspondingly, with no fundamental growth in liquidity to fuel increasing consumer activity, there is no basis for a current or imminent recovery in the housing market. – John Williams,...
by irdadmin | Feb 3, 2016 | Financial Markets, Housing Market, U.S. Economy
First of all, regard this as a warning to get your cash out of any funds at Legg Mason that are touched by Bill Miller. The last time Miller was this bullish on stocks and AMZN, the S&P 500 collapsed from 1550 to 700 in 17 months. Miller bills himself as a...
by irdadmin | Feb 2, 2016 | Financial Markets, Housing Market, U.S. Economy
PennyMac (PFSI) is a mortgage finance company that describes itself as a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments...
by irdadmin | Feb 2, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals
The London gold/silver fix was established in 1919 principally by the House of Rothschild to enable the Rothschilds to control international money markets through the manipulation of the price of gold. The daily gold/silver fix was conducted in the offices of N.M....
