Interesting Numbers

| January 7, 2017

So now we know why home ownership rates have fallen to 50 year lows.

The Rich, And Everybody Else

| March 21, 2014

It’s no secret that the rich are only getting richer, and everyone else is heading the other way. At some point, the rich will sink their boat.  Just a matter of time!  So….The U.S. Income Gap has now soared to the widest gap since the “Roaring 20’s”.  Yep, 10% of the population now make over 50% of all earned income! […]

I’m Smarter, That’s Why I’m Richer Than You – Is The Rich War Cry…Uh, Maybe, Then Again Maybe Not!… But Either Way Governments Are Getting A Little More Desperate Now, And The Rich Are Making Themselves Into Very Colorful Feathered Targets For New Mega Wealth Taxes!

| November 5, 2013

The easy target with colorful feathers spread wide are the rich and the super rich.  Ice Cap Asset Management explains and the IMF builds the case…..Absent economic growth, higher taxes are the only perceived option. Be prepared. Ice Cap in summary….”Meanwhile, our analysis of the global economy continues to show a lack of any acceleration. Instead growth remains […]

Financial Musical Chairs… But When The Music Stops, Who Will Have A Seat?

| October 28, 2013

JP Morgan has a report out that is reviewed in part below. Everybody should take time to read it.  The economy is being stimulated with excess liquidity like never before in history. When it slows or stops, we will have a Stanely Druckenmiller event, i.e., Druckenmiller said recently (September 11)….that financial markets could readjust to lower priced levels instantaneously upon changes in Fed […]

Housing “Recovery” Showing New Cracks, This One Will Expand!

| October 2, 2013

Wise Dog Sources: “We know from experience that if Carlyle Group is a seller (of anything), then you’ll want to be a seller also.  Yes, they are that good.”   “They buy wholesale, and sell retail or above. There’s no meat left on the bone when they’re done!” Via Bloomberg, Carlyle Group LP, the private-equity firm with more […]

Stanley Druckenmiller Reviews Key Issues That In His Opinion Will Effect The U.S. Economy

| September 11, 2013

Pay attention everybody, there will be a quiz on this….Stanley Druckenmiller (one of the most successful money managers of all time) addresses key issues for the U.S. economy going forward. Here are a few  snip-its. On what he is most uncomfortable about: “Let’s first set the table and looking at what is going on in the last […]

New Home Sales Fall To Lowest Level Since Last October While Builder Confidence Rises To Its Highest Level Since November 2005, No Typo, 2005!

| August 23, 2013

So, it’s said by a number of Realtors that interest rate spikes don’t matter to home buyers….um, maybe they should rethink that idea? Yep, maybe rethink it twice! Purchases of new U.S. homes  plunged in July by the most in more than three years while previous month saless were revised down.  Housing in July showed that a […]

How LIBOR Sets Interest Rates

| August 8, 2013

Did you ever wonder just what LIBOR stands for…….well now you know! Until July 2012, the London Interbank Offered Rate (LIBOR) was the biggest little number that nobody outside finance understood, and yet it touched the lives of virtually everybody. LIBOR is an interest rate that gets calculated for ten currencies and fifteen borrowing periods […]

Housing and Household Incomes

| May 6, 2013

Hmm….Courtesy of our good friend Gene Inger.

Home Ownership Rates Continue To Fall

| April 30, 2013

The US Census Bureau reported earlier today that the US homeownership rates in the first quarter of 2013 dropped by 0.4% to a new 18 year low.  It now sits at 65% which is it’s lowest rate since 1995!

Is There A Doctor In The House!

| February 28, 2012

Bill Gross talking here…It’s the new normal, and a sign of the times as bank accounts and money market accounts basically yield nothing…and who gets the smelly end of the stick, yep… main street is the one taking it up the wazoo, yet again! Chart 1 shows that since 1981, which marks the beginning of the secular […]

Case Shiller: Real Estate Home Prices Continue To Head Lower

| January 31, 2012

More of the same…as personal income falls or flat lines, real estate will continue on a slippery slop. With record low interest rates, people, unlike in past recessions, still carry near record high amounts of debt. It is not indicative of a housing rebound. De-leveraging will continue to be a rage, unbeknown and not understood by most. The November […]

Listen Up Class, We Have More On Housing And It’s ‘Worth’ Your Attention, Pun Intended

| January 28, 2012

According to Freddie Mac, while the value of all housing is down 30%, and home equity is down 55%, we see that mortgage debt owed is only down a minestrone 3%. Bottom line, the U.S. housing market is back to the Armageddon high debt-to-equity ratio that was only ever seen during the Q1 2009 economic wipe out, and even worse, we […]

Delinquent Homeowners Get Free Money

| January 27, 2012

Yep, that’s right, if you are a responsible paying citizen you get nothing, but as the The Three Stooges would say, a poke in the eye….we know, yes there are families that really need the help for legitimate reasons, but much of this involves a reward for greed, and irresponsible actions. Oh, how times have changed! The HAMP expansion, called HAMP […]

Bill Gross’ Explains The FOMC Decision

| January 25, 2012

Bill Gross of PIMCO explains Fed decision on Tweeter

Fed Cuts Growth Outlook, Remains Cautious

| January 25, 2012

The FED keeps stretching things out…one take is they are worried about other things not openly discussed…and, maybe worried about the thought that normal things might not go as planned either (but hope springs eternal)!  FED Summary:  No QE3; ZIRP (Zero Interest Rate Policy) Extended Thru 2014 FED EXPECTS TO MAINTAIN `HIGHLY ACCOMMODATIVE’ MONETARY POLICY FED SEES `EXCEPTIONALLY LOW’ RATES THROUGH AT LEAST LATE 2014 FED TO […]

PIMCO’s El-Erian Again Warns: QE3 Won’t Produce The Outcomes We Want

| January 9, 2012

PIMCO ranks as one of the top 5 smartest bond money managers in the world…..we should pay attention to what they think.  EL-Erian and his business partner and PIMCO co-founder Bill Gross, along with another of the smartest money hedge fund managers Bridgewater, stated in separate reports last week that the economic bounce we’re seeing now is unlikely to last, because most […]

FOMC Minutes: Fed To Start Releasing Official Fed Funds Rate Forecasts

| January 3, 2012


The National Association Of Realtors Has A History Of Not Being Truthful

| December 22, 2011

NAR proving what most everyone knew:………. the sales numbers are inflated. NAR: EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010 NAR: EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN

Government Morons…Unbelievable, Simply Unbelievable!

| December 18, 2011

Extend and pretend, benefit extentions looked all set to go….but not so fast, they may not get approved after all.  On Sunday House Speaker John Boehner flatly ruled out approval of a Senate agreement to temporarily extend the payroll tax cut through February.   But,  Senate Majority Leader Harry Reid (D., Nev.) said if Mr. Boehner rejected the Senate […]

Bill Gross Of PIMCO Says Interest Rates Will Stay Low For A Long Time

| December 2, 2011

Bill Gross of PIMCO says (despite today’s positive unemployment news) things continue to be bad, and interest rates will likely stay at record lows for another four years. From Bloomberg: Pacific Investment Management Co.’s Bill Gross said U.S. employment growth won’t prevent the Federal Reserve from signaling that borrowing rates will remain lower longer than policy makers have already indicated. […]

The Maverick Bond Barons

| November 20, 2011

We have a broken down world! Can two Lone Rangers rescue us?   PIMCO’s Bill Gross laid out his pessimistic outlook, fretting that growth in developed countries could be weighed down for years by debt problems in Europe and high unemployment in the U.S. BlackRock’s Larry Fink said he sees “all the same problems, and the problems […]

What Is Interesting About This Chart?

| October 7, 2011

The consumer has hit a wall with credit growth, and can’t handle any more agony, while the government is borrowing like a drunk sailor.

Time To Rebuild America’s Infrastructure

| September 26, 2011

“Problem is, too many in Washington have less than half a brain.” Robert Reich Monday, September 26, 2011 Seems like only yesterday conservative nabobs of negativity predicted America’s ballooning budget deficit would generate soaring inflation and crippling costs of additional federal borrowing. Remember Standard & Poor’s downgrade of the United States? Recall the intense worry […]

PIMCO…You Can Stick A Fork In Next Years Economy

| September 25, 2011

And so it goes…Former U.S. Treasury Secretary Lawrence Summers “I’ve been to 20 years of IMF meetings, and there’s not been a prior meeting at which matters have had more gravity and at which I’ve been more concerned about the future of the global economy.” Billionaire investor George Soros said “something needs to be done” […]

Can Interest Rates Go Any Lower?

| September 17, 2011

So far the record low interest rates have only kicked the can down the road by allowing desperate debt to prolong its misery.  History will likely show this to be a catastrophic economic mistake.  In the process, we have destroyed the retirement class by forcing them into higher risk assets.

U.S. Mortgage Rates Fall To Lowest On Record

| September 15, 2011

The average rate for a 30-year fixed loan dropped to 4.09 percent in the week ended today from 4.12 percent, Freddie Mac said in a statement. That’s the lowest in the company’s records dating back to 1971. The average 15-year rate fell to 3.30 percent from 3.33 percent.

Government Will Likely Offer New (Sub Prime) Loans In Effort To Save Real Estate

| September 11, 2011

This is what we discussed on August 30 here at :   Da boys in the White House are working on a new giveaway to be presented after the Labor Day weekend.  The word is, that it will highlight how to give real estate losers something for nothing (free monopoly money or casino chips) in an effort to turn around […]

PIMCO’s El-Erian: They Don’t Understand

| September 8, 2011

The U.S. Fed doesn’t get it, stimulus won’t work, they’re addressing the wrong things here….we have “structural issues and they require structural solutions.” Ei-Erian Pacific Investment Management Co.’s Mohamed El-Erian said the U.S. faces “serious” economic challenges, including lagging housing and labor markets, that will prove resistant to Federal Reserve stimulus efforts. “You simply can’t […]

Home Refinancing On A Ramp…27% Of Homes Now Have Negative Equity

| September 2, 2011

The positive side of this…..should put more monthly income into the economic system. But…lenders’ capacity to handle loan applications could be an obstacle for the Obama administration, which is weighing options for spurring a housing recovery, including steps to promote refinancing for underwater borrowers, or those who owe more than their property is worth. Almost […]

Federal Reserve Bank: Hard Years Ahead For Baby Boomers

| August 22, 2011

Demographics my dear Watson……According to a Federal Reserve Bank report just out stocks could fall an average of 13% over the next ten years solely because of retiring baby boomers. The actual P/E ratio should decline from about 15 in 2010 to about 8.3 in 2025. The model-generated path for real stock prices implied by demographic trends […]

Global Stock Market Tid Bit

| August 8, 2011

So what happens when everybody hits the PANIC button at the same time?  For starters….How about a global stock market dump equal to $7.8 TRILLION.

The Unthinkable…United States Debt Loses Its AAA (Triple A) Rating

| August 5, 2011

Bye bye U.S. AAA debt rating. The new normal just changed for the worse. For the most part, everyone thought things were already bad and “had” to get better!  Oh well, live and learn.  Next week could be a dozy!  We have some tough years ahead of us between 2012 and 2014.  But before that, a stock market […]

Looks Like You Can Stick A Fork In Treasury Secretary Tim Geither, He’s Done….Don’t Let The Door Hit You On The Way Out Tim

| August 5, 2011

Could the unthinkable happen?  Here’s Peter Barnes of the Fox Business Network. Peter Barnes: “Is there a risk that the United States could lose its AAA credit rating? Yes or no?” Geithner’s response: “No risk of that.” “No risk?” Barnes asked. “No risk,” Geithner said.

Slow Learning Curve In Washington

| July 31, 2011

Slow learners……we’re talking about the government of course! They want banks to loan out more and consumer borrowing to pick up.  They still don’t get it! Household debt levels are at 112% of annual income which is considered too high. To get back to a 1990’s debt-to-income ratio’s of 84%, incomes would need to be nearly $4 trillion higher.  This would take about […]

Recovery….What Recovery?

| July 30, 2011

So much for the recovery.  Button up and stay alert.   Maintaining what one has will go to the fiscally fittest…… John Williams of Shadow Stats confirms the severity of the on coming double dip. – GDP Growth Slows Markedly – Official Downturn Much Deeper In Revision – Latest GDP No Longer Has Recovered Pre-Recession High – 2009 Annual […]

Doubling Down On A Bad Hand

| July 21, 2011

Bad seats, hey buddy! Leaders of the Eurozone announced a huge new financial bailout package for Greece on Thursday, doubling up the amount of loans originally agreed upon ……The 17 EU nations that use the euro,  offered Athens $157 billion in new loans, a nearly identical aid package to last year.  

Existing Home Sales Miss, Drop To Lowest Level Since November, Order Cancellations Surge

| July 20, 2011

It’s the new normal, and it’s going to be here a while….. NAR: With job creation below expectations, excessively tight loan standards are keeping many buyers from completing deals….And proposals being considered in Washington could effectively put more restrictions on lending.  An unprecedented 16% cancelled contracts in June. According to the NAR, June existing home sales […]

The World We Live In Is Now Inter-Connected To The Rest Of The World Like Never Before

| July 19, 2011

Unlike back in the day when everything was East vs. West….the Soviets and China vs NATO and the United States, we are now interconnected to everywhere and everything.  There used to be an old saying, “One man’s pain is another man’s gain”, but now one man’s pain very well may end up being pain for all men (and […]

The Republicans Favor Plan A, But The Democrats Are Working On Plan B

| July 14, 2011

A backup plan to cut the federal deficit and keep the U.S. government from default is now being discussed.  Things should get very interesting. Called plan B, it is taking shape in back room discussions between Senate Majority Leader Harry Reid (D., Nev.) and Republican leader Mitch McConnell (R., Ky.).  House Republicans are not happy about this. […]

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