Guest post from Charles Hugh Smith. Does carefully nurturing a facade of health actually lead to health? No; all it does is perpetuate a destructive illusion. The policy of the Status Quo since 2008 boils down to this assumption: if we prop up an artificial economy long enough, it will magically become real. This is an [...]
Stock markets are up big today on the news of a Euro-zone agreement on Greek bailout. Know that none of the fundamental problems have actually been solved. Felix Salmon shares this chart: This, ladies and gentlemen, is how the sausage gets made — it’s yesterday’s eurozone rescue plan, as presented by an unidentified adviser to [...]
Bank of America is tumbling today. The anarchist in me would love to see them completely collapse.
His prognosis is pretty much the worst-case scenario, and one that readers here should know is possible. But what’s really amazing about this video is the brutal honesty of this guy. Wow. Watch, and share. “It’s gonna crash…and it’s gonna fall hard.”
With the stock market looking more and more dangerous, investors are looking for other places to put their cash. Is now the time to invest in real estate?
Today I attended a speaking event featuring Barry Habib, sponsored by Walnut Creek’s RPM Mortgage and a mortgage-broker friend of mine, Ken Neate. Barry is a well-respected businessman, investment professional, and a heavyweight in the mortgage industry, and was invited to share his thoughts on the mortgage market, interest rates, the economy, stocks, and the housing market with a select group of local real estate agents.
Greece, as it turns out, was the Eurozone’s canary. The canary was resuscitated and a small rescue mechanism was set up to revive a further canary or two – but beyond this the warning was ignored. The miners kept on working. They convinced themselves that this was the canary’s problem.
