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 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 | Apr 12, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
The recent stock market volatility reflects the beginning of a massive down-side revaluation in stocks. In fact, it will precipitate a shocking revaluation of all assets, especially those like housing in which the price is driven by an unchecked ability to use debt to...
by irdadmin | Apr 7, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
This commentary is emphatically not an endorsement of Trump as President. I have not voted since 1992 because, when the system gives the public a Hobson’s Choice, voting is pointless. An age-old adage states that “people vote with their wallets.” ...
by irdadmin | Apr 4, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
I’ve been writing about the rising consumer debt delinquency and default rates for a few months. The “officially tabulated” mainstream b.s. reports are not picking up the numbers, but the large credit card issuers (like Capital One) and auto debt...