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Bad News For the Dow (Short Term Bear Fest)

Franklin @ October 12, 2007 # 4 Comments

As I write this, the Dow is 47 points up. I would expect it to close down for today. Yesterday was a key reversal day, a technical signal traders pay a lot of attention to. A Key Reversal Day is when the market makes a new high, reverses and closes below the previous low. If […]

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Expect increased volatility

Franklin @ October 1, 2007 # 7 Comments

On August 20th, when the concern on the media was the liquidity crisis and the falling market I wrote to a good friend of mine “The move on the DIA since the bottom of 2002 looks parabolic. If we break the previous high we will be “on the other side of the curve” when things […]

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I have $ 100,000,000,000 and yet I can’t retire

Franklin @ September 29, 2007 # 12 Comments

The past week you certainly have (and in the next few weeks you will) read a lot about the dollar and its relation to other currencies. Most of the articles fail to explain what the real value of money is. In some cases, I think, economists just ignore out of convenience what the impact of […]

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Let the party begin. We will be dead tomorrow

Franklin @ September 28, 2007 # 3 Comments

The current administration is creating the conditions for runaway inflation in the near future in order to support the war efforts

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Another guy with a conspiracy theory

Franklin @ September 26, 2007 # No Comment Yet

He said: “This conjunction of an immense military establishment and a large arms industry is new in the American experience. The total influence – economic, political, even spiritual – is felt in every city, every Statehouse, every office of the Federal government. We recognize the imperative need for this development. Yet we must not fail […]

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African-American and Latinos Hardest Hit by Foreclosure Crisis

Franklin @ September 5, 2007 # No Comment Yet

A new Acorn study found that African-Americans and Latinos are the groups hardest hit by foreclosures due to their exposure to high cost home purchase loans. During the past few weeks, politicians and the media have been covering the issue of the foreclosure crisis and in general tended to blame “unscrupulous lenders” or borrowers who […]

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Bush Aid to Mortgage Holders only Aids Wall Street

Franklin @ August 31, 2007 # 2 Comments

As I pointed out yesterday, the administration is using the current crisis to strengthen Wall Street’s position in the biggest land-grabbing scheme since the XIX Century. Although it’s hard to analyze what Bush actually wants to do (he only said he was going to do something in the future), there are some inferences than can […]

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Bernanke’s creative solution: Let’s do it again

Franklin @ August 30, 2007 # 8 Comments

According to an AP article dated August 29, Federal Reserve Chairman Ben Bernanke proposed the most creative solution to the foreclosure crisis to date: “Let’s do it all over again.” Of course those are not his words, God forbid a Fed Chairman should speak clearly! Instead, he “suggested that policymakers look for ways to encourage […]

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Home Prices: Steepest Drop in 20 Years

Franklin @ August 28, 2007 # One Comment

Are you ready to live as a renter in the cul-de-sac you used to own? As home prices keep going down, many homeowners will see that they face negative amortization (they will own more than the house is worth). A rational answer to such a situation (above all, if they cannot afford paying rising interest […]

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The Plan to Protect Homeowners, Not Hedge Funds

Franklin @ August 21, 2007 # No Comment Yet

The scam is going to get worse in the housing market. I mean the scam that will let the predators and hucksters, who lured people into bad deals, off the hook, either via congressional bailouts or actions by the Federal Reserve. read more | digg story Tags: Economy, Fed, Federal Reserve, United States

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