by irdadmin | May 17, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The dollar is said to be “soaring,” though I take issue with that characterization for now (see the chart below); 10-yr Treasury yields are also rising, though the yield on the 10-yr is only up about 67 basis points if you measure from January 1, 2017. ...
by irdadmin | May 15, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The stock market has gone 74 days without making a new high but that hasn’t stopped the bulls from boasting about how it is up or flat six days in a row. I still say to sell into strength – David Rosenberg, Gluskin-Sheff The narrative that the economy continues...
by irdadmin | May 11, 2018 | Financial Markets, Housing Market, U.S. Economy
Other people’s money is always more fun to play with recklessly than your own. As such there’s been a quiet escalation in number of private capital pools offering mortgage (and auto) financing to subprime quality borrowers. “Special Circumstance...
by irdadmin | May 9, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
I strongly believe that labeling the condition of the stock market based on arbitrary “percentage changes” up or down is absurd. But then again most attributes of the current stock market are sublimely ridiculous, if not outright Orwellian. But, what the...
by irdadmin | May 3, 2018 | Financial Markets, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Not much needs to be said about Tesla. Elon Musk’s performance on the Company’s conference call speaks for itself. He basically told the lemming analysts who have been the Company’s Wall Street carnival barkers to go have sex with themselves in...
by irdadmin | May 1, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
What concerns me is when people put their hard-earned money into housing or any other supposed store of value thinking that the sky is the limit. We are living in an age of epic distortions, misinformation and outright fraud. – Aaron Layman, Dallas-based...
