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Short sellers are necessary for a healthy stock market. They are like the market police.
While No One Was Looking, Congress Took A Huge Step Toward Fixing The Economy
- Thread starter Spike
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Cope - you really don't understand how banks make money on mortgages. Specifically, banks make money by entering into a mortgage agreement, having the borrower pay the loan for 2+ years, and then packaging and selling the loan.
Banks and credit unions LOSE money when the borrower defaults and the bank is stuck with the property. First off, if the property value is greater then the amount owed on the loan, the property owner simply sells the ******* property. Defaults involve properties where the loan amount owed is GREATER than the value of the property.
Second, owning property is awesome for people, and **** for a bank. Guess who pays property tax, maintenance, insurance, etc. on the foreclosed property??? Yep, the lender, which had no wish to own the property and simply wanted a loan that would pay value for 30 years, and allow the lender to package the loan and make money TODAY.
Third, if banks and credit unions wanted to own single-family residences and make money by flipping them, THEY WOULD BUY ******* HOMES AND RE-SELL THEM. Want to know why they NEVER do so?? Because banks and credit unions make money by entering into beneficial financial transactions where the lender loans a ****-ton of money to people who are buying a home and paying significant money for the benefit of owning a home.
A home. Where they raise their kids, and have barbecues, and birthday parties, and live, and re-sell the home 20 years later at a great profit.
Banks deal in billions of dollars. Homeowners deal in tens of thousands, and do so because owning a home, and raising a family in that home, and making that home YOURS is incredible.
Cope, sorry, but you fundamentally misunderstand the lender's motives, in believing that the bank or credit union wants to own the residential property. If the bank or credit unions actually wanted to own the damn property, THEY WOULD BUY IT WITH THEIR MILLIONS OF DOLLARS THAT VASTLY OUTWEIGH SOME HUSBAND AND WIFE.
Right??
946. Two unprecedented big bubbles(2/8/2017)
Real estates bubble.(see chart at #944) Stock market bubble.
You don't have to be an expert to realize the two big balloons Americans are facing. Yet where are those professionals, economical officials and media people? In coming months, you will see a lot of news, events to encourage people to jump into the speculation pool to buy the securities, houses.
finance.yahoo.com/news/trump-halt-obama-fiduciary-rule-063803815.html
Trump is going to open a pandola box to release financial demons. Those demons had caused 2008 financial tsunami, were locked up by Obama, Trump wants to free them to make America greater?
It's funny that they accuse Clinton represents the interest of Wall Street. What about Trump?
Read 2 and 3 of last message(#945) to see how the Feds rule this country.
Real estates bubble.(see chart at #944) Stock market bubble.
You don't have to be an expert to realize the two big balloons Americans are facing. Yet where are those professionals, economical officials and media people? In coming months, you will see a lot of news, events to encourage people to jump into the speculation pool to buy the securities, houses.
finance.yahoo.com/news/trump-halt-obama-fiduciary-rule-063803815.html
Trump is going to open a pandola box to release financial demons. Those demons had caused 2008 financial tsunami, were locked up by Obama, Trump wants to free them to make America greater?
It's funny that they accuse Clinton represents the interest of Wall Street. What about Trump?
Read 2 and 3 of last message(#945) to see how the Feds rule this country.
Illinois Economic Collapse Is Near, Two Other States Will Follow In It’s Footsteps – Prepare For The Imminent Economic Collapse
BY IWB · JULY 4, 2017
The mismanagement of Illinois by government bureaucrats and politicians have plunged the state into a dire economic abyss. But SGTReport is predicting that other states will fall just as quickly, and you won’t be surprised in the least when your hear which ones are doomed to suffer an economic collapse soon.
Illinois could be expected to slash pensions to 30 cents on the dollar to help stave off the harsh reality of nanny state policies and socialist promises.
http://investmentwatchblog.com/watc...s-prepare-for-the-imminent-economic-collapse/
BY IWB · JULY 4, 2017
The mismanagement of Illinois by government bureaucrats and politicians have plunged the state into a dire economic abyss. But SGTReport is predicting that other states will fall just as quickly, and you won’t be surprised in the least when your hear which ones are doomed to suffer an economic collapse soon.
Illinois could be expected to slash pensions to 30 cents on the dollar to help stave off the harsh reality of nanny state policies and socialist promises.
http://investmentwatchblog.com/watc...s-prepare-for-the-imminent-economic-collapse/
UK At ‘Edge of Worst House Price Collapse Since 1990s’
BY IWB · JULY 4, 2017
https://www.thesun.co.uk/wp-content...pe-3-x-2new01.jpg?strip=all&quality=100&w=750
http://investmentwatchblog.com/uk-at-edge-of-worst-house-price-collapse-since-1990s/
BY IWB · JULY 4, 2017
https://www.thesun.co.uk/wp-content...pe-3-x-2new01.jpg?strip=all&quality=100&w=750
http://investmentwatchblog.com/uk-at-edge-of-worst-house-price-collapse-since-1990s/
The great bull market in its last stages? U.S. car sales fall sharply in June; Silicon Valley begins to crack visibly; October doom? Ron Paul predicts gold up 50% stocks down 25% this October
BY IWB · JULY 4, 2017
http://investmentwatchblog.com/the-...dicts-gold-up-50-stocks-down-25-this-october/
BY IWB · JULY 4, 2017
http://investmentwatchblog.com/the-...dicts-gold-up-50-stocks-down-25-this-october/
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K47 - I hope you have haven't been short selling since you started your bullshit because you would be in drastic debt. What do you do now?
Ron Paul: Not a 'total shock' if stocks plummet 25% and gold soars 50% by October
Stephanie Landsman | @stephlandsman
Sunday, 2 Jul 2017
A painful correction is coming and there's little that can be done to prevent it, according to former Republican congressman and libertarian firebrand Ron Paul
http://www.cnbc.com/2017/07/02/ron-...percent-and-gold-soars-50-percent-by-oct.html
Stephanie Landsman | @stephlandsman
Sunday, 2 Jul 2017
A painful correction is coming and there's little that can be done to prevent it, according to former Republican congressman and libertarian firebrand Ron Paul
http://www.cnbc.com/2017/07/02/ron-...percent-and-gold-soars-50-percent-by-oct.html
As Sales Plunge, GM Might Cancel Six Car Models
by Wolf Richter • Jul 20, 2017
GM is getting whacked harder than any of the major automakers by the industry-wide plunge in car sales, as Americans switch in ever larger numbers from cars to “trucks,” which include pickups, van, SUVs and crossovers. In the first half of 2017, GM’s car sales in the US plunged 19%, and in June 38%.
The rest of the industry (without GM) booked declines in car sales of “only” 10% in the first half and 9% in June.
http://wolfstreet.com/2017/07/20/gm-might-cancel-six-car-models-after-2020/#comments
by Wolf Richter • Jul 20, 2017
GM is getting whacked harder than any of the major automakers by the industry-wide plunge in car sales, as Americans switch in ever larger numbers from cars to “trucks,” which include pickups, van, SUVs and crossovers. In the first half of 2017, GM’s car sales in the US plunged 19%, and in June 38%.
The rest of the industry (without GM) booked declines in car sales of “only” 10% in the first half and 9% in June.
http://wolfstreet.com/2017/07/20/gm-might-cancel-six-car-models-after-2020/#comments
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Fixed it for you.
Silicon Valley Begins to Crack Visibly
by Wolf Richter • Jul 2, 2017
Chilling photos of for-lease signs lining the Great America Parkway
There are parts of Silicon Valley where commercial real estate is still hanging on, and there are parts where it has let go.
In Santa Clara, it has let go. Overall availability of office space in Santa Clara was nearly 19% in the first quarter, according to Savills Studley, up from 14% a year ago. Only two other areas in Silicon Valley – Milpitas and North San Jose – show greater availability at respectively 23% and a harrowing 30%.
http://wolfstreet.com/2017/07/02/silicon-valley-commercial-real-estate-bubble/
by Wolf Richter • Jul 2, 2017
Chilling photos of for-lease signs lining the Great America Parkway
There are parts of Silicon Valley where commercial real estate is still hanging on, and there are parts where it has let go.
In Santa Clara, it has let go. Overall availability of office space in Santa Clara was nearly 19% in the first quarter, according to Savills Studley, up from 14% a year ago. Only two other areas in Silicon Valley – Milpitas and North San Jose – show greater availability at respectively 23% and a harrowing 30%.
http://wolfstreet.com/2017/07/02/silicon-valley-commercial-real-estate-bubble/
US Construction Spending Just Collapsed
by Tyler Durden
Aug 1, 2017
Headline growth in US construction spending collapsed in July to just 1.6% YoY - the weakest since 2011.
As Reuters reports, U.S. construction spending unexpectedly fell in June as investment in public projects recorded its biggest drop since March 2002. The Commerce Department said on Tuesday that construction spending tumbled 1.3 percent to $1.21 trillion - the lowest level since September 2016 - drastically missing economists' estimates of a 0.4% increase.
http://www.zerohedge.com/sites/defa...303/imageroot/2017/08/01/20170801_const_0.jpg
This downside surprise suggests notable downside revisions to Q2 GDP (from its 2.6% annualized level).
However, most ironic in the government's report was, amid The White House constant chatter of the need for infrastructure spending in America, Federal government construction spending crashed 9.5% - the largest drop since December 2010.
http://www.zerohedge.com/news/2017-08-01/us-construction-spending-just-collapsed
by Tyler Durden
Aug 1, 2017
Headline growth in US construction spending collapsed in July to just 1.6% YoY - the weakest since 2011.
As Reuters reports, U.S. construction spending unexpectedly fell in June as investment in public projects recorded its biggest drop since March 2002. The Commerce Department said on Tuesday that construction spending tumbled 1.3 percent to $1.21 trillion - the lowest level since September 2016 - drastically missing economists' estimates of a 0.4% increase.
http://www.zerohedge.com/sites/defa...303/imageroot/2017/08/01/20170801_const_0.jpg
This downside surprise suggests notable downside revisions to Q2 GDP (from its 2.6% annualized level).
However, most ironic in the government's report was, amid The White House constant chatter of the need for infrastructure spending in America, Federal government construction spending crashed 9.5% - the largest drop since December 2010.
http://www.zerohedge.com/news/2017-08-01/us-construction-spending-just-collapsed
Housing Recovery False Alarm - Starts, Permits Plunge In July As Rental Units Collapse
by Tyler Durden 8/16/2017
Following June's huge surprise jumps in Housing Starts (revised lower) and Building Permits (revised notably higher), July saw both starts and permits plunge (-4.8% and -4.1% respectively) dramatically missing expectations. The majority of the plunge is driven by multi-family starts crashing 35.2% YoY to its lowest since Sept 2016.
Permits' 7.4% June surge was revised up to a 9.2% spike (the biggest since Nov 2015) before July's plunge.
http://www.zerohedge.com/news/2017-...rts-permits-plunge-july-rental-units-collapse
by Tyler Durden 8/16/2017
Following June's huge surprise jumps in Housing Starts (revised lower) and Building Permits (revised notably higher), July saw both starts and permits plunge (-4.8% and -4.1% respectively) dramatically missing expectations. The majority of the plunge is driven by multi-family starts crashing 35.2% YoY to its lowest since Sept 2016.
Permits' 7.4% June surge was revised up to a 9.2% spike (the biggest since Nov 2015) before July's plunge.
http://www.zerohedge.com/news/2017-...rts-permits-plunge-july-rental-units-collapse
Former Fed Chairman Alan Greenspan Ominously Warns That The Biggest Bond Bubble In History Is About To Burst
By Michael Snyder, on August 4th, 2017
Are we right on the verge of one of the greatest financial collapses in American history? I have been repeatedly warning that our ridiculously over-inflated stock market bubble could burst at any time, but former Federal Reserve Chairman Alan Greenspan believes that the bond bubble actually presents an even greater danger. When you look at the long-term charts, you will see that an epic bond bubble has been growing since the early 1980s, and when it finally collapses the financial carnage is going to be unlike anything we have ever seen before.
“The current level of interest rates is abnormally low and there’s only one direction in which they can go, and when they start they will be rather rapid,” Greenspan said on “Squawk Box.”
http://theeconomiccollapseblog.com/...gest-bond-bubble-in-history-is-about-to-burst
By Michael Snyder, on August 4th, 2017
Are we right on the verge of one of the greatest financial collapses in American history? I have been repeatedly warning that our ridiculously over-inflated stock market bubble could burst at any time, but former Federal Reserve Chairman Alan Greenspan believes that the bond bubble actually presents an even greater danger. When you look at the long-term charts, you will see that an epic bond bubble has been growing since the early 1980s, and when it finally collapses the financial carnage is going to be unlike anything we have ever seen before.
“The current level of interest rates is abnormally low and there’s only one direction in which they can go, and when they start they will be rather rapid,” Greenspan said on “Squawk Box.”
http://theeconomiccollapseblog.com/...gest-bond-bubble-in-history-is-about-to-burst
Goldman Sachs Says That There Is A 99 Percent Chance That Stock Prices Will Not Keep Going Up Like This
By Michael Snyder, on July 31st, 2017
– North Korea is threatening to nuke the US
– Donald Trump is firing his entire cabinet
– The Federal Reserve has dropped interest rates to record lows and drowned the world in trillions of dollars of cash
– Debt levels are at record highs
– Entire banking systems, especially in Europe, are in need of massive bailouts
– The US government will run out of money in less than 90-days and hit the debt ceiling once again
http://theeconomiccollapseblog.com/...stock-prices-will-not-keep-going-up-like-this
By Michael Snyder, on July 31st, 2017
– North Korea is threatening to nuke the US
– Donald Trump is firing his entire cabinet
– The Federal Reserve has dropped interest rates to record lows and drowned the world in trillions of dollars of cash
– Debt levels are at record highs
– Entire banking systems, especially in Europe, are in need of massive bailouts
– The US government will run out of money in less than 90-days and hit the debt ceiling once again
http://theeconomiccollapseblog.com/...stock-prices-will-not-keep-going-up-like-this
Two disappointing posts in a row, man. Don't be so coherent.
De-Dollarization Accelerates: China Readies Yuan-Priced Crude Oil Benchmark Backed By Gold
by Tyler Durden
Sep 3, 2017
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review
http://www.zerohedge.com/news/2017-...ies-yuan-priced-crude-oil-benchmark-backed-go
by Tyler Durden
Sep 3, 2017
The world’s top oil importer, China, is preparing to launch a crude oil futures contract denominated in Chinese yuan and convertible into gold, potentially creating the most important Asian oil benchmark and allowing oil exporters to bypass U.S.-dollar denominated benchmarks by trading in yuan, Nikkei Asian Review
http://www.zerohedge.com/news/2017-...ies-yuan-priced-crude-oil-benchmark-backed-go
Venezuela's Maduro says will shun U.S. dollar in favor of yuan, others
Reuters Reuters•September 7, 2017
By Deisy Buitrago and Corina Pons
CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Thursday hiscash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies
https://www.yahoo.com/news/venezuelas-maduro-says-shun-u-035002321.html
Reuters Reuters•September 7, 2017
By Deisy Buitrago and Corina Pons
CARACAS (Reuters) - Venezuelan President Nicolas Maduro said on Thursday hiscash-strapped country would seek to "free" itself from the U.S. dollar next week, using the weakest of two official foreign exchange regimes and a basket of currencies
https://www.yahoo.com/news/venezuelas-maduro-says-shun-u-035002321.html
Dying Middle Class: The Number Of Americans That Can’t Afford Their Own Homes Has More Than Doubled
By Michael Snyder, on July 9th, 2017
Have you lost your spot in the middle class yet? For years I have been documenting all of the numbers that show that the middle class in America has been steadily shrinking, and we just got another one. According to a report that was produced by researchers at Harvard University, the number of Americans that spend more than 30 percent of their incomes on housing has more than doubled. In 2001, nearly 16 million Americans couldn’t afford the homes that they were currently living in, but by 2015 that figure had jumped to 38 million.
http://theeconomiccollapseblog.com/...-afford-their-own-homes-has-more-than-doubled
By Michael Snyder, on July 9th, 2017
Have you lost your spot in the middle class yet? For years I have been documenting all of the numbers that show that the middle class in America has been steadily shrinking, and we just got another one. According to a report that was produced by researchers at Harvard University, the number of Americans that spend more than 30 percent of their incomes on housing has more than doubled. In 2001, nearly 16 million Americans couldn’t afford the homes that they were currently living in, but by 2015 that figure had jumped to 38 million.
http://theeconomiccollapseblog.com/...-afford-their-own-homes-has-more-than-doubled
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Goldman's Bear Market Indicator Shows Crash Dead Ahead, Asks "Should We Be Worried?"
Tyler Durden's picture
by Tyler Durden
Sep 16, 2017
http://www.zerohedge.com/news/2017-...-bear-market-indicator-shows-crash-dead-ahead
Tyler Durden's picture
by Tyler Durden
Sep 16, 2017
http://www.zerohedge.com/news/2017-...-bear-market-indicator-shows-crash-dead-ahead
How sky-high housing costs make California the poorest state
By CALMATTERS | CALmatters.org
PUBLISHED: September 27, 2017
When the cost of living is factored in, the Golden State has the highest poverty rate in the country. More than 20 percent of its residents struggle to make ends meet, according to recently released Census figures.That’s nearly 8 million people.
In the less sophisticated “official” measure, a family of four in San Francisco or Los Angeles or San Diego faces exactly the same poverty threshold—$24,339 annually—as a family in rural Mississippi. That’s despite the fact that you can rent a three-bedroom, two-bathroom 1,200-square-foot house in Horn Lake, Mississippi, for the same price ($850 a month) as half a living room in the Bay Area.
http://www.dailybreeze.com/2017/09/27/how-sky-high-housing-costs-make-california-the-poorest-state/
By CALMATTERS | CALmatters.org
PUBLISHED: September 27, 2017
When the cost of living is factored in, the Golden State has the highest poverty rate in the country. More than 20 percent of its residents struggle to make ends meet, according to recently released Census figures.That’s nearly 8 million people.
In the less sophisticated “official” measure, a family of four in San Francisco or Los Angeles or San Diego faces exactly the same poverty threshold—$24,339 annually—as a family in rural Mississippi. That’s despite the fact that you can rent a three-bedroom, two-bathroom 1,200-square-foot house in Horn Lake, Mississippi, for the same price ($850 a month) as half a living room in the Bay Area.
http://www.dailybreeze.com/2017/09/27/how-sky-high-housing-costs-make-california-the-poorest-state/
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