by irdadmin | Dec 6, 2018 | Financial Markets, Gold, Housing Market, Market Manipulation, Precious Metals, U.S. Economy
If the “risk on/risk off” stock market meme was absurd, its derivative – the “trade war on/trade war off” meme – is idiotic. Over the last several weeks, the stock market has gyrated around media sound bytes, typically dropped by...
by irdadmin | May 27, 2018 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
A branch manager gets home loans for borrowers with weak credit or low incomes—and taxpayers back him up. – Bloomberg.com Bloomberg News featured a story today that I find to be an outrage. It seems that some punk kid in Houston – Angelo Christian –...
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 | Oct 4, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The housing market headed for very “rough waters.” The title is from the National Association of Realtor’s Pending Home Sales report for August in reference to NAR chief “economist” Larry Yun’s commentary on the housing market....
by irdadmin | Sep 28, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Existing Home Sales were released Wednesday and the NAR’s seasonally adjusted annualized rate metric was down 1.7% from July. July was down 1.3% from June. The NAR’s SAAR metric is at its lowest rate since last August. Naturally the hurricane that hit...
