Mortgage Rates Surge Upward - Is The Refi Boom Over?
Mortgage Rates Up Sharply Over Past Week
Mortgage rates increased again today as the sell off in the long treasury market continued. The all time lows in the mid 4% range have quickly disappeared.
A short week ago the [...]
‘Atlas Shrugged’ - Banned in Washington
Equality Through Poverty
Ayn Rand’s 1957 classic novel, Atlas Shrugged, depicts how governments ultimately destroy the most productive sectors of a society, leaving everyone equally poor.
‘Atlas Shrugged’ : From Fiction to Fact in 52 Years
Stephen Moore - Wall [...]
The Stimulus Plan Condemns Us To Further Wealth Destruction
Will Spending Borrowed Money Create Wealth?
There seems to be near universal agreement at all decision making levels of government that we can borrow and spend ourselves into prosperity. Let’s consider some worthwhile contrary opinions.
Leave the New Deal [...]
Insolvent Banking System Eludes Government Containment
Denial Of Reality Becoming Impossible
The game of pretending that the world banking system and national governments are solvent becomes more difficult by the hour.
The true magnitude of the write downs that the banking industry needs to take [...]
All Time Low Mortgage Rates For A++ Borrowers Only, Fed’s Efforts Futile
As discussed on December 31, 2008 many homeowners attempting to lower their mortgage rate apply for a refinance, only to discover that they do not qualify for the “low advertised rate” (Few May Benefit From Lower Mortgage [...]
Satyam’s Phony $1 Billion - How They Did It
One would think that with the number of business frauds, Ponzi schemes and other financial deceptions exposed over the last decade that auditors would have a more skeptical and cautious attitude.
The Satyam case is particularly perplexing when [...]
30 Year Mortgage Rates At 4.5% - Is 3.5% Possible?
How Low Can Mortgage Rates Get?
According to Freddie Mac, the average 30 year fixed rate mortgage dropped for the 10th consecutive week to a new low of 5.01%. This is the lowest rate reported by Freddie Mac [...]
Inflation - The Real Long Term Threat To Financial Survival
Concerned with the preservation of wealth and purchasing power?
The US Government Will Not Choose Deflation
by Rich Toscano and John Simon
Conclusion
We in the United States have been dumping our dollars into the world for years and [...]
We Are All Keynesians Now
Do Deficits Matter?
In the short term, it may not matter what anyone thinks. There is a near universal political consensus that spending is the only solution that will save the economy. This consensus is backed by a [...]
