by irdadmin | Jan 5, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
“This time it’s different.” That quote is from Sir John Templeton, a legendary investor who is considered the father of the modern mutual fund industry. For most of the month of December, I’ve been hearing ads from mortgage brokers who are...
by irdadmin | Dec 28, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
In Hemingway’s, “The Sun Also Rises,” one of the characters, Bill, asks his friend, “Mike,” how he went bankrupt. Mike replied, “I had a lot of friends. False friends. Then I had creditors…” This passage from the novel...
by irdadmin | Dec 15, 2017 | Financial Markets, Market Manipulation, U.S. Economy
The headline retail sales report, released today by the Census Bureau, showed a rather unexpectedly large 0.8% jump from October. The Wall Street brain trust was expecting a 0.3% increase. Of course, 99% of stock market investors and 100% of the financial media...
by irdadmin | Dec 6, 2017 | Financial Markets, Market Manipulation, U.S. Economy
Overstock.com stock price has run from $15.95 on August 2nd this year to a 12-year high of $65.70. If closed Monday this week at $46.10. The incredulous run-up in OSTK was ignited when OSTK decided to grab onto the coattails of the cryptocurrency mania. The company...
by irdadmin | Sep 23, 2017 | Financial Markets, Market Manipulation, U.S. Economy
The “crisis” quote above originated with Winston Churchill. Several U.S. politicians have referenced it since then (most recently Rahm Emanuel when he was Obama’s Chief of Staff). I’m sure the Wall Street snake-oil salesmen and economic...
