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Banks Drive to Grab Land

Franklin @ October 8, 2007 # 2 Comments

When writing articles about foreclosure, the mantra seems to be “the banks want your money“, they are willing to negotiate and help you keep your home. The pesky reality, however, is pointing in another direction. According to a recent AP article, US July Foreclosures Rates were Up 93% from a year ago. So, if the […]

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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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How to survive hyperinflation

Franklin @ September 21, 2007 # 8 Comments

Avoid, to the extent it is possible, selling goods at a fixed price to be paid in the future Remember that if you work for somebody you are selling your work at a price set in the past and you will be paid in the future, so, during hyperinflation, you will be robbed daily Do […]

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At a financial crossroads

Franklin @ September 19, 2007 # 6 Comments

With gold about to retest the previous high and the Dow Jones average at less than 200 points from the previous high, I will look at two different scenarios and their possible implications for the consumer market. As I pointed out before, Bernanke’s solution to the “liquidity crisis” is utterly destructive because it implies more […]

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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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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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Subprime Mortgage Crisis Spreading to High-End Housing Market

Franklin @ August 29, 2007 # No Comment Yet

For those who have not been following my reasoning on this matter here is an introduction: Since the 90s banks get liquidity for providing loans by packaging the loans into securities and selling those securities to 3rd parties (real estate is not real any longer from the point of view of the banks) As the […]

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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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Businesses Pinched as Loan Spigot Shuts Off

Franklin @ August 20, 2007 # No Comment Yet

The question now is if we are going to go into a credit crunch like the one that started the great depression. My take is that not, that there is plenty liquidity on the markets, but boy, it is going to hurt… http://www.thebankruptcynews.com/ read more | digg story Tags: bank, Economy, liquidity, United States

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