I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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How is borrowing money based on fraudulent claims of asset value and future income any different from counterfeiting money?
Let's compare three financial criminals. The first is an old-fashioned counterfeiter who doctors up paper and runs a p...
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House prices will fall 3 percent nationally in 2012, excluding foreclosures and short sales, Douglas Duncan, Fannie Mae's chief economist, said at a University of San Diego real estate conference on Tuesday.
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Tags: Housing Market, Housing Market has Changed
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Back in May, I posted an article on Minyanville asserting that all-cash buyers have kept several major housing markets from collapsing. (See All-Cash Buyers Preventing Collapse of Housing Markets.) With new evidence in to support this claim, now is a...
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The past three years have been a disaster for most Western economies. The United States has mass long-term unemployment for the first time since the 1930s. Meanwhile, Europe’s single currency is coming apart at the seams. How did it all go so wron...
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As the market just (most likely) formed an important intermediate top it is the good time to celebrate the end of this recession. The bear market rally always ends on perfect news. The end of the recession seems good enough to me to mark the top.
The article I’ve linked above is the perfect example...
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The market got a huge gift from the US Treasury this week in the form of a $23 billion debt paydown. That cash put a bid under stocks and exacerbated the panic into Treasuries. The Treasury faces $40 billion in CMB expirations next week, and so far, there’s no announcement that they will be...
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SPX and Apple Updates: Is Apple Finally Ripe to Fall?
By now, most traders know that Apple had its tree shaken yesterday. It missed earnings and disappointed analysts, largely due to iPhone sales coming in much lower than expected. After hitting a new all-time closing high ...
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