by irdadmin | Dec 21, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
I’m going to have to throw a flag on the existing home sales report for November published today by the National Association of Realtors. The NAR would have us believe that home sales occurred in November at 5.6mm annualized rate for the month, up 15.4% from...
by irdadmin | Dec 20, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
ETF flows tend to be a good contrary indicator when they become extreme, so the buying frenzy doesn’t bode well for U.S. equities. – David Santschi, CEO of TrimTabs If the Federal Reserve were a private corporation and did not have a money tree, it would be...
by irdadmin | Dec 16, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
In many areas of the country prices are already down 5-10%. I know, you’re going to say that offer prices are not reflecting that. But talk to the developers of NYC and SF condos who are trying to unload growing inventory. Douglas Elliman did a study of NYC...
by irdadmin | Dec 16, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
According to the latest Treasury International Capital report (for October), China unloaded nearly $42 billion in Treasuries in October. In the last 12 months, China has unloaded nearly $150 billion in Treasuries, equivalent to more than one month’s worth of new...
by irdadmin | Dec 14, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
That popping sound you just heard is the Fed popping the housing bubble. The housing bubble that it inflated with ZIRP and zero-bound credit requirements to qualify for a mortgage. But first, let’s get this out of the way: Goldman’s Jan Hatzius...
by irdadmin | Dec 14, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The yield on the 10-yr Treasury has blown out 109 basis points since July 3rd – 70 basis points since October 30th. 30yr fixed rate mortgage rates for 20% down payment buyers with a credit score of at least 720 are up 90 basis points since October 1st....
