Highway to the danger zone!
For the moment, the seizing of private property by the Federal government has been upheld by Judge Stein.
Not to be confused with the Clinton Eastwood film “Million Dollar Baby,” although the outcome is largely the same. As of 2016, the US has 125.82 million households. Unfortunately, the US government has borrowed $20 trillion ($158,412.70 per household) and promised entitlements (Medicare Parts A, B and D, Social Security, Federal employee and Veterans benefits) amounting […]
Pedro da Costa had a nice piece for Business Insider on Yellen wanting to leave the Fed’s balance sheet alone. Essentially, Yellen is extremely cautious about unwinding The Fed’s almost $4.5 TRILLION balance sheet for fear on upsetting the proverbial apple cart. Since The Fed’s started expanding its balance sheet back in late 2008, the […]
The legendary shared appreciation mortgage (SAM) has been around for decades. It was an attempt to trade off the mortgage rate for a share of appreciation in the home
Fed Chair Janet Yellen spoke to Congress this morning at her semi-annual monetary policy testimony. Trying to juggle inflation and unemployment (Humphrey-Hawkins) is difficult … like the Parks and Recreation’s game Cones of Dunshire.
Deutsche Bank of Greg Lippmann and “The Big Short” fame has a dire warning of ANOTHER possible big short situation: commercial mortgage-backed securities (CMBS) backed by retail mall loans.
The Wall Street Journal had an interesting story entitled “U.S. Firms Slash Interest Tab in $100 Billion Refinancing Blitz.
This is like one of those “good news, bad news” jokes.
Its official! The spectacular Obama/Fed “recovery” produced no increase in real median household income in 2016 (the last year of Obama’s reign of [economic] error).