Archive for December, 2007
Straight Talk on the Mortgage Mess from an Insider
December 8th, 2007This is a good one. Highly recommended. Via: Market Watch: The ‘Pay-Option ARM implosion’ will carry on for a couple of years. In my opinion, this implosion will dwarf the ’sub-prime implosion’ because it cuts across all borrower types and all home values. Some of the most affluent areas in California contain the most Option […]
Bush Gives Wrong Phone Number for Subprime Mortgage Bailout Hotline
December 7th, 2007Fire up the calliope music. Via: CNN: Harried homeowners seeking mortgage relief from a new Bush administration hotline Thursday had to contend with a bit of temporary misdirection from the president himself. As he announced his plan to ease the mortgage crisis for consumers, President Bush accidentally gave out the wrong phone number for the […]
The Merk Hard Currency Fund
December 7th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. If you’re looking for a comprehensive hedge for your U.S. Dollar exposure, the Merk Hard Currency Fund deserves serious consideration. The fund holds a basket of currencies, sovereign debt and gold. See: Fund Facts. Expenses: 1.3%. I don’t have any relationship […]
The Dollar’s Perfect Storm Worsens
December 7th, 2007WARNING: This is not a recommendation to buy, sell or hold any financial instrument. If ECB raises and the Fed cuts… I’m not going to see more panicked emails, am I? Via: MSN: On Nov. 13, I wrote that the U.S. dollar was being pummeled by a perfect storm. Just three weeks later, the storm […]
Forcast: House Prices to Fall 30% in Some States
December 7th, 200730% sounds like an upbeat assessment to me. Via: Reuters: Housing markets from Punta Gorda, Florida, to Stockton, California, will crash and suffer price drops of more than 30 percent before the housing crisis is over, a report from Moody’s Economy.com said on Thursday. On a national level, the housing market recession will continue through […]
Top UK Analyst: Britain Could be Heading for a Another Housing Market Crash
December 7th, 2007Hint: Feel free to substitute “Britain” with any other English-speaking country. Saves time when reading through all the housing doom news from around the world. Via: Reuters: Britain could be heading for a another housing market crash if thousands of buy-to-let investors ditch their properties as prices tumble, according to top fund manager Nicola Horlick. […]
Alberta Government Admits NAFTA Superhighway
December 7th, 2007Via: Rogue Government: Alberta’s government web site admits to the existence of a NAFTA superhighway. While establishment media hacks continue to deny plans for a continental highway, it is curious that a government web site would openly admit to the existence of it. It is also curious how these liars can get away with calling […]
NYPD Intelligence Division Officer: “We Are in the Business of Scaring People”
December 7th, 2007Seeing these fascist pigs standing around reminds me of the film, Michael Collins; where the IRA started walking up to British agents and shooting them where they slept and stood. (See: The Cairo Gang Assassinations.) Obviously, I’m not suggesting that you should shoot these fascist pigs, because that would be a waste of your time […]
CIA Destroyed Videotapes of Torture Sessions
December 7th, 2007Here’s one for your no-shit-Sherlock file folder. But don’t expect the Associated Press to mention that these tapes would have been prima facie evidence of atrocities, for which the perpetrators might have faced trial under international law. Via: AP: The CIA videotaped its interrogations of two top terror suspects in 2002 and destroyed the tapes […]
Possible Assassination of Alternative Energy Researcher
December 6th, 2007Via: PESN: On Nov. 11, inventor of a revolutionary, affordable, clean energy technology, M. DeGeus was found slumped in his car, totally unresponsive, in the long-term parking lot of the Charlotte Douglass International Airport in North Carolina. He was taken to the hospital and died a short time later. The autopsy suggested heart failure, so […]
