Artificial Mortgage Rates Drop To 4.75%
Fed Manipulation Of Mortgage Rates Continues
Mortgage rates continue their downward trend with the perfect borrower now able to obtain a rate of 4.75% with a two point buy-down on a 30 year fixed rate mortgage. As expected, [...]
Fiscal Discipline - Endorsed By All, Practiced By None
Has anyone noticed the correlation of “fiscal discipline” chatter to rising interest rates? Efforts by the Fed to manipulate rates lower through the outright purchases of treasuries and mortgage securities seem to be failing as the long [...]
Hyperinflation Worries - The Next Black Swan Or A Contrary Indicator?
Inflation Concerns Increase
There has been much speculation lately about the end results of the US Government’s massive deficit spending. Many analysts are predicting that the end result will be hyperinflation as the Fed is forced to monetize [...]
Mortgage Rates Skyrocket As Fed’s Rate Manipulation Fails
Markets Will Ultimately Determine Long Term Interest Rates
Treasuries continued their sell off today as the yield on the 10 year benchmark bond climbed to 3.72%, a stunning increase from the recent lows just over 2% in late [...]
US Treasury-Owned Gold - What Would It Buy?
Some Thoughts On The Value Of US Owned Gold
The United States Treasury Department recently issued a report on the total amount of US Treasury-Owned Gold. As of April 30, 2009 the US Treasury held a total [...]
California’s Crash Omen of Nation’s Future
Borrow and Spend = Crash and Burn
California has always been the trend setter for the nation but never more so than today as it totters on the edge of insolvency. The theory that States or Nations cannot [...]
America’s Triple A Credit Rating - At The Precipice?
Black Swan Events Becoming Routine
Our Nation has avoided the decline into the abyss that many have been predicting during the economic crisis. At the cost of approximately $13 trillion in government bailouts and guarantees the system has [...]
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 particularly [...]
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 first [...]
