by irdadmin | Feb 10, 2017 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
Too much debt, poor capital allocation decisions (McMansions, expensive leased cars, spending to “keep up with the Jones’) and declining disposable income. It’s hitting the general middle class in America similarly to the way in which it is hitting...
by irdadmin | Feb 1, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Driving by the west-side border of downtown Denver (on I-25), I can count 9 cranes in air plus one semi-finished high-rise building. What’s amusing about this is that there’s already an oversupply of rental apartments and condos as the 1-2 month free +...
by irdadmin | Jan 30, 2017 | Financial Markets, Housing Market, U.S. Economy
Central Bank intervention in the markets has completely destroyed the stock market’s value as a reflector of economic activity and business profitability. Rather, like the mainstream media, the stock market has become little more than propaganda tool used in an...
by irdadmin | Dec 30, 2016 | Financial Markets, Gold, Market Manipulation, Precious Metals, U.S. Economy
A guest post from Stewart Dougherty. Stewart included some thoughts in his email to me that I thought should be shared as a preface to his essay: ——————– Hi Dave: Some pretty heady stuff, particularly the part about the...
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...
