Category Archives: financial crisis

News you can use – For Stan Druckenmiller This Is “The Endgame” – His Full ‘Apocalyptic’ Presentation | Zero Hedge “The lack of progress and volatility in global equity markets the past year, which often precedes a major trend change, … Continue reading

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To quote Yogi Berra, “It’s like deja vu all over again” – Obama administration pushes banks to make home loans to people with weaker credit The Obama administration is engaged in a broad push to make more home loans available … Continue reading

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FHA Bailout: Those pesky reverse mortgages

Five Years Later: FHA Demands $1.7 Billion Treasury Bail Out | Zero Hedge. One would think that five years after the bail out of the GSEs, that the Federal Housing Agency, the government agency created to insure loans made by … Continue reading

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An important but often ignored part of the financial crisis story

Thanks Barney Frank. Thanks a lot.

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Coming to a country near you

Greece: ‘There’s no more left to cut’

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“There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis.”

Not a pretty picture.

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30 Day Gold and Silver

Interestingly enough, the 20 year treasury yield is stable to lower, showing now signs of worry regarding debt payment.

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Coming soon to a Nation near you

Dear Congress, Your Credit Application Has Been Turned Down A hypothetical letter from the American People to the House of Representatives and the Senate starts…. Thank you for your interest in the American Public Trust’s Gold Card credit program. Rest … Continue reading

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The debt will be higher when they’re done

Oh great. Neil Cavuto explains. Watch the latest video at video.foxnews.com “If that is dranconian, then I”m Darwin….”

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” ….some change that currently seems politically impossible is all-but-certain to happen sooner or later.”

Ya think? My guess is sooner.

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“… and grown men can’t cut $34 to $60 billion dollars”

Oh a priceless Rick Santelli rant that I caught live this morning. Here’s an excerpt starting at around 3:00′ but really the whole rant is deserving of your time. “..well ya know, I just read about Freddie and Fannie ya … Continue reading

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Americans strongly prefer cutting spending vs. raising taxes

Oh the unwashed masses.  Of course here in Boulder the 9% are in the majority.

Posted in Boulder is stoopid, financial crisis | 1 Comment

Easy Money

… is not the solution states Bill Quick (and Ludwig von Mises). Keynesian policies failed during the Great Depression, and they are failing today. An economic catastrophe caused by loose monetary policies, crushing levels of debt, and appalling lending practices … Continue reading

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$160 Billion to 1 Trillion

The cost of the “fix” for Fannie and Freddie. The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and … Continue reading

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Fannie and Freddie belly up to the bar

Feed me Seymour. Fannie and Freddie just can’t get enough. In case you’re keeping score, that would bring Fannie’s cash to almost $85 billion. Freddie has spent over $50 billion. Under the original terms of the bailout, they would have … Continue reading

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Houston we have a problem

Putting our economy in the hands of Chavez fans. I’m sure the delegation from Boulder was taking part in the applause.

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Gold touches $1225 per oz

More on gold at kitco.com.

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Gold “Knock, knock, knockin’…”

on the $1200 door. Actually it’s stuck a foot through a few times this morning. More gold coverage at kitco.com.

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Milton Friedman and Richard Feynman

Dr. Helen asks what would Milton Friedman say? She posts on Stephen Moore’s speculation in his recent book regarding what Milton Friedman would say about our nations current economic crisis and move towards socialism. I would like to know what … Continue reading

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Gold over $1180 and holding

More graphs at Kitco.com.

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