Tag Archives: Mortgage

  • Blog
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    2012 Year in Review

    Free markets, rule of law, and other urban legends
    by David Collum

    Friday, December 21, 2012, 7:34 PM

    14

    Background

    I was just trying to figure it all out.

    ~ Michael Burry, hedge fund manager

    Every December, I write a Year in Review that has now found a home at Chris Martenson’s website PeakProsperity.com.1,2,3 What started as a simple summary intended for a couple dozen people morphed over time into a much more detailed account that accrued over 25,000 clicks last year.4 'Year in Review' is a bit of a misnomer in that it is both a collage of what happened, plus a smattering of issues that are on my radar right now. As to why people care what an organic chemist thinks about investing, economics, monetary policy, and societal moods I can only offer a few thoughts.

    For starters, in 33 years of investing with a decidedly undiversified portfolio, I had only one year in which my total wealth decreased in nominal dollars. For the 13 years beginning 01/01/00—the 13 toughest investing years of the new millennium!—I have been able to compound my personal wealth at an 11% annualized rate. This holds up well against the pros. I am also fairly good at distilling complexity down to simplicity and seem to be a congenital contrarian. I also have been a devout follower of Austrian business cycle theory—i.e., free market economics—since the late 1990s.4

    Each review begins with a highly personalized analysis of my efforts to get through another year of investing followed by a more holistic overview of what is now a 33-year quest for a ramen-soup-free retirement. These details may be instructive for those interested in my approach to investing. The bulk of the review, however, describes thoughts and observations—the year’s events told as a narrative. The links are copious, albeit not comprehensive. Some are flagged with enthusiasm. Everything can be found here.5

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  • Blog

    Buying a House in Today’s Market

    by Patrick Killelea

    Monday, May 9, 2011, 3:31 PM

    0

    Since many of our members are considering relocating, downsizing and/or finding housing better suited to their future priorities (e.g. greater energy efficiency), we invited Patrick Killelea, founder of the housing news and forum site Patrick.net, to offer his advice to house buyers in today’s market. Patrick was one of the most vocal bloggers warning about the collapse of the U.S. national housing bubble years before it inevitably popped in 2007.

    (A note to those of our readers who work in residential real estate: the views expressed here are Patrick’s own, which he has consistently maintained for years. While some of them are not popular with the realty industry, the resulting dialogue they have created about the structure of our national real estate model has been a healthy one.)

    If you’re in the market for a house, there are a number of important factors to consider which your agent just isn’t going to tell you.

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  • Blog

    Daily Digest 1/15 – Unprecedented Buying of Silver, Banks Loosen Purse Strings, Yuan Won’t Ease Inflation

    by DailyDigest

    Saturday, January 15, 2011, 4:00 PM

    0
    • How to Fix Mortgage Mess in Three Steps: Laurence Kotlikoff
    • US Mint Reports Unprecedented Buying Spree Of Physical Silver
    • Copper Deficit May be 600,000 Tons, JPMorgan Says
    • Banks Loosen Purse Strings
    • China Lawmaker Says Yuan Appreciation Won’t Help Ease Inflation
    • Progress on Overhaul of Corporate-Tax Rules
    • Norway’s $186 Billion Gas Loss to Cement Russian Grip on Supply

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  • Blog

    Daily Digest 12/25 – States Feel Recession Impact, Hedge Fund Tracks Twitter, Snow Lessons for Supermarkets

    by DailyDigest

    Saturday, December 25, 2010, 1:16 PM

    0
    • States Continue to Feel Recession’s Impact
    • Hedge Fund Will Track Twitter to Predict Stock Moves
    • Bernanke Backs Moody’s Critic in Debate Over Money Fund Ratings
    • When Will The Recession End? Part 133 Why Russia Doesn’t Fit Into BRIC
    • Snow Lessons For Supermarkets
    • Calling For A Run On A Bank To Be Made Illegal, Say Ministers
    • GE to Sell Mortgage Assets to Santander

    Crash Course DVDOwn the Crash Course Special Edition Set with Presenter’s Pack (NTSC or PAL)

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  • Blog

    Daily Digest 12/15 – Rare Earth Production Up, Food Pantry Demand Skyrockets, Budget Cuts Won’t Cover Shortfall

    by saxplayer00o1

    Wednesday, December 15, 2010, 4:00 PM

    0
    • Text of FOMC Statement
    • Moody’s Warns Tax Deal Could Harm U.S’s Triple-A Rating
    • State Unemployment Insurance Tax To Go Up For Nearly All Businesses
    • Rare Earth Production Revs Up as Shortage Looms
    • One Company Holds at Least 90% of London Metal Exchange Copper Stockpiles
    • Expensive Spanish, Belgian Auctions Suggest Tough Tenders Ahead
    • Food Pantry Demand Skyrockets
    • Study: Budget Cuts Alone Won’t Cover The Shortfall
    • China To Raise Tariffs On Certain Rare Earth Exports In 2011
    • Pay Freeze Recommended for Public Employees
    • S.C. Health-Care System Headed For Disruption, Dhhs Director Says
    • Mortgage-Bond Slump No `Fun’ for Housing as Rates Increase: Credit Markets
    • Slovak Remark Renews Eurozone Breakup Talk
    • Eurozone Debt Crisis Spreads To Belgium On Rising Political Risk

    Read our ‘What Should I Do?’ guide to understand how to cook, heat and use electricity under any conditions.

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  • Blog

    Daily Digest 12/11 – China Gold Demand Soars, Life After Madoff’s ‘Big Lie’, More Adults are Living with Parents

    by DailyDigest

    Saturday, December 11, 2010, 4:00 PM

    0
    • China Gold Demand Soars
    • Life After Madoff’s ‘Big Lie’
    • Number Of Adult Americans Living With Their Parents Has Exploded (Chart)
    • Mortgage Rates, at Six-Month High, Threaten Refis and Fed
    • Saudi Shares End Little Changed; China Concern Overshadows Oil
    • Occidental Petroleum Buys Major U.S. Assets, Unloads Argentina Operations
    • Globetrotting Utilities Commissioners Raise Questions With Travels

    Our ‘What Should I Do?’ guide offers tips for how to stay healthy in an emergency.

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  • Blog

    Daily Digest 11/18 – Hyperinflation in USA, GM Stock Sale Gears Up, Stress Tests for Banks

    by DailyDigest

    Thursday, November 18, 2010, 4:00 PM

    0
    • Man Makes Ridiculously Complicated Chart to See Who Owns His Mortgage
    • How Hyperinflation Will Happen In America
    • World of Worry Wednesday – The China Syndrome
    • GM Stock Sale in High Gear
    • Bernanke Makes Case to Senators
    • Fed Announces New Stress Tests for Biggest Banks
    • The Shale Gas Shell Game
    • Interview with Chris Martenson: “Prepare for peak oil while there is time.”

    Crash Course DVDThe Crash Course DVD, featuring live intros and outros by Chris. (NTSC or PAL)

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  • Blog

    Guest Post: Fannie and Freddie – The Exit Doors are Shut

    by Ilargi

    Friday, August 20, 2010, 6:09 PM

    0
    by Ilargi of The Automatic Earth

    This article ran for our enrolled users earlier this week and is one in a series from respected guest commentators while Chris is at work on his new book. Please welcome them to the ChrisMartenson.com community and enjoy the fresh perspective.

    From a purely political point of view, it’s a simple story.  Existing homeowners are a far more powerful force at the voting booth than potential owners, homebuyers, are.  It’s therefore very much in the interest of the incumbent government to keep home prices as high as it can.  Let them slide too much and you will pay for that at the next election.  For potential buyers, you can devise plans that lower interest rates and down payments, but that’s all.  More affordability simply through lower prices is not on the political table.

    Still, in the “listening conference” on US housing policies – Fannie Mae and Freddie Mac in particular – that started this week, it’s not voters who have the biggest say.  That is reserved for the financial industry, and how could it not be?  Not that the Obama administration has to hear the truth from the bankers anymore:  Washington has long since realized that truth.  Which is that without Fannie and Freddie and the 80% stake the US took in them in 2008, as well as the unlimited financial guarantee issued by Tim Geithner at the end of 2009, it’s not just the housing industry that would instantly collapse.  The banking industry would, like a shadow, rapidly follow in its footsteps.

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  • Blog

    Daily Digest – September 1

    by Davos

    Tuesday, September 1, 2009, 2:53 PM

    0
    • How American Health Care Killed My Father (H/T C Peters, MD)
    • China “Serious About Plan To Internationalise” Yuan
    • (CM, China Motors) GM to form China venture, Invest $293 Million
    • An Ill Wind Blows From Japan (H/T Doug)
    • ICN News (Video)
    • Bank Leverage: Forever Blowing Bubbles Part Two (Video on page)
    • The (Intentionally) Misleading Mainstream Media
    • U.S. created 2 MILLION jobs in August, claim “experts”
    • The Metastasis of Moral Hazard and its Effect on Gold
    • Commercial Real Estate Lurks as Next Potential Mortgage Crisis
    • From Barry Ritholtz’s site, Creative Accounting Accidently Included on NZX Statement

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