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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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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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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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U.S. Home Foreclosures Soar in August

Franklin @ September 18, 2007 # 2 Comments

The question nobody asks is why aren’t banks restructuring loans to avoid foreclosures? That’s what they did in the past, most credit counseling services will tell you that the banks will restructure the loan before letting it default. However, something is different this time. It is a change that is puzzling regulators and the media […]

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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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Edwards on the mortage mess

Franklin @ August 30, 2007 # No Comment Yet

Just one day before Senator Obama gave his misguided opinion on the mortgage mess another Democratic hopeful had come to the fore with his own opinion. (By the way, you’ve got to love electoral years because those are the only years politicians have even the pretense of caring for the issues that affect their constituencies.) […]

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Fed CUTS discount rate

Franklin @ August 19, 2007 # No Comment Yet

The Federal Reserve, declaring that increased economic uncertainty poses risks for U.S. business growth, announced Friday that it has approved a half-percentage point cut in its discount rate on loans to banks. The action was the most dramatic effort yet by the central bank to restore calm to global financial markets. Of course, this cut […]

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