Posts Tagged ‘ mortgage ’

Once Again, Stupid, It’s The Economy

Sep 11th, 2009 | By Richard Marmo | Category: Featured, Morning Whiskey
In many ways it always has been.  Simply put, the economy is at the root of everything we do.  For example, despite President George H.W. Bush’s success with the first Gulf War, he was unseated in 1992 by Bill Clinton’s use of  “It’s The Economy, Stupid!” Did that phrase have any ...read more

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Posted in Featured, Morning Whiskey | 11 comments


Gold Stocks Take a Hit Plus Worse Than Subprime

Jul 22nd, 2009 | By Chris Mayer | Category: Featured, Gold, Housing
The market clearly is not worried about inflation right now. That is the only way to explain recent 10-year Treasury yields of 3.30%. The deflationist view is the one that prevails. This view, which makes some compelling and elegant arguments, maintains that the credit losses far surpass the monetary and ...read more

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Posted in Featured, Gold, Housing | No Comments »


The Uncertainty Principle in Accounting

Jun 16th, 2009 | By David Eichler | Category: Featured, Morning Whiskey
The debate rages on over how to do proper accounting for financial institutions. After each major debacle, there is a stampede to some other method. Maybe the chronic problem is the ongoing assumption of modern accounting that every security has an instantaneous value based on its expected revenue and its ...read more

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Posted in Featured, Morning Whiskey | 2 comments


Government Meddling Hasn’t Eradicated the Mortgage Market

Jun 2nd, 2009 | By Linda Brady Traynham | Category: Featured, Morning Whiskey
The most captious critic could not claim that this article does not bear directly on matters very dear to all of our hearts, such as finding good investments, calling bottoms, being cantankerous, ah, Contrarians, and having what is tantamount to insider information without the risk of having to discuss our ...read more

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Posted in Featured, Morning Whiskey | 4 comments


U.S. House Prices in Gold

May 6th, 2009 | By Adrian Ash | Category: Featured, Gold, Housing
The broad sweep in housing-gold ratios is just as broad and as sweeping as both gold bulls and bears might hope... Even the UK's small, tightly packed mainland, floating off the edge of Europe, includes disparate and distinct real-estate markets. Glasgow is as different from London as Cornwall from Cheshire. But ...read more

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Posted in Featured, Gold, Housing | 8 comments


Field Trip to Maiden Lane: Home at Last on the Fed’s Balance Sheet

Apr 28th, 2009 | By Samantha Buker | Category: Featured, Macro Economics
Welcome to Maiden Lane, where the tripe vendors of Wall Street hawk their wares. Maiden Lane runs right past the foot of the N.Y. Fed, and this address hosts the most poisonous assets on its balance sheet. As any anti-Fed Reservist among you will agree, the Reserve’s balance sheet is nothing but ...read more

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Posted in Featured, Macro Economics | 2 comments


Hope Now: Pretending People Can Keep Their Homes

Mar 9th, 2009 | By Adrian Ash | Category: Featured, Housing, Macro Economics
"Any house bought for 'No Money Down' should become a no money home, a free gift to the debtor. How's that for putting a floor under prices...?" Remember the great hope for Hope Now...? "Let's not harp on about the costs, absurdities or risks of governments meddling in real-estate bubbles when they ...read more

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Posted in Featured, Housing, Macro Economics | 2 comments


A Bull Market in Fools

Aug 17th, 2007 | By Adrian Ash | Category: Macro Economics
"All financial bubbles need the rabble to pile in before the bubble goes bang. But something's amiss this time round..." DAY TRADERS in spring 2000, shoeshine boys in 1929, the "meaner rabble" in 1720s London... Glancing at the history of speculative bubbles, as we do all too often here at BullionVault, we ...read more

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Posted in Macro Economics | No Comments »