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 | Jan 28, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
John B Wells hosted me on his “Caravan To Midnight” for the quickest two hours of my day. Caravan To Midnight is a late-night internet radio show covering a wide range of topics which include current events, politics, conspiracy theories and...
by irdadmin | Jan 24, 2016 | Financial Markets, Housing Market, U.S. Economy
“The banks are still clinging to their reserve reports and praying. The bonds are all toast. Most are in the single digits or teens.” I asked a former colleague of mine from my Bankers Trust junk bond days who is now a distressed debt trader what was going...
by irdadmin | Jan 22, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
What about the biggest rise in existing home sales on record in December? These guys are offending my sensibilities. By virtue of all the fake statistics and bogus market action, there has to be something seriously wrong right now. – John Embry email to IRD...
by irdadmin | Jan 19, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Something very ominous is brewing behind the scenes. It is systemic and related to a ongoing credit collapse behind “the curtain.” The indicators are right in front of our eyes, regarded with indifference by a zombified, propaganda-infused public...
by irdadmin | Jan 14, 2016 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
It seems to never end. The markets do the opposite of what would be expected based on common sense and on undeniable evidence about the fundamentals. Just this morning, for instance, the S&P 500 pops up overnight and then promptly goes red after the NYSE opens....
