Inflation, Deflation or World Depression?
Should We Discount The Consensus? The debate on the outcome of bailouts and money printing continues. A review of some of the current thoughts on Fed and Governmental action predict different possible outcomes – none of them [...]
FHA – Ready To Join Fannie And Freddie
Multiple Reasons For High FHA Default Rates Massive default rates in the FHA loan program are starting to raise a few eyebrows. Without major reform of fundamentally poor lending policies, the FHA could soon join the failed [...]
Why It Just Became More Difficult To Get An FHA Loan -Declining Markets
New Appraisal Guidelines Effective April 1, 2009 All FHA appraisals dated on or after April 1, 2009 must include a Market Conditions Addendum in order for the loan to be insured by the FHA. There are also [...]
Markets Plunging On Geithner’s Remarks
Geithner Does It Again The Treasury Secretary said Sunday that some banks will need large amounts of financial aid. Geithner’s comments seemed to imply that his recently announced rescue plan for the banking industry is only a [...]
Paul Volcker’s New Assignment – Tax Collector
Is This What Volcker Had In Mind? Paul Volcker’s unexpected endorsement of Mr Obama for President last year gave the Obama campaign a huge boost of economic credibility. Mr Volcker’s endorsement calmed the fears of many economic [...]
Nikkei Continues Rallying As Japan’s Exports Plunge 49%
Bad News Discounted? One of the hardest concepts for investors to grasp is the ability of markets to discount bad news. As the news mounts daily about the Japanese economic collapse, the Nikkei 225 continues to rise. [...]
Credit Union Bailout Needed – NCUA Insurance Fund Insolvent
Corporate Credit Unions Fail The National Credit Union Administration (NCUA) announced today that two major corporate credit unions have been put into conservatorship as the true size of their losses became apparent. March 20, 2009, Alexandria, Va. [...]
30 Year Fixed Rate Of 3.5% Likely As Mortgage Rates Plunge
Fed Goes All In The Federal Reserve announced that it intends to purchase massive amounts of mortgaged backed securities and long term treasury debt. Yields on the 10 year treasury, from which mortgage rates are based, saw [...]
Bill Clinton’s Bonus Makes AIG Employees Look Like Petty Thieves
Clinton Walks Away From $20 Million Bonus The AIG bonus scandal comes at a bad time for Bill Clinton, who reportedly walked away from a $20 million “good bye” bonus from Yucaipa Partners. With the AIG crowd [...]
