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Tens of millions of American families are about to go through economic hell and most of them don’t even realize it…Most Americans realize that things seem “harder” these days, but most of them also have faith that things will eventually get better. Unfortunately, things aren’t going to get any better. The number of good jobs continues to decline, the number of Americans losing their homes continues to go up, people are having a much more difficult time paying their bills and our federal government is drowning in debt. Sadly, this is only just the beginning. [Let me explain.] Words: 1256
July 3rd, 2011 | Posted in Economic Overview,Economy | Read More »
I wrote a piece recently called “Could America be Pushed over the Economic Edge?” about how Libya, Japan or even covert economic warfare from America’s enemies could push the U.S. into another financial meltdown. I received a one sentence email from my friend Jim Sinclair that said, “We are way over the edge right now.” His message gave me a sinking feeling. [Let me explain.] Words: 923
March 27th, 2011 | Posted in Economic Overview,Economy | Read More »
When a home owner is forced into foreclosure, the case is presented to a judge for approval. Historically, if uncontested, a foreclosure has quickly led to a judgment in favor of the bank – to evict the owner and confiscate the property. However, in the last few years a growing number of homeowners have been contesting the foreclosures and demanding proof of the note – or ownership of the mortgage – and, in many cases, the note can’t be located by the bank. [As such,] the foreclosures are not being approved due to lack of documentation. Words: 719
October 2nd, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »
Most signs point to a slow and steady recovery, but what if the pessimists are right, again? What if the United States isn’t in the slow-lane to recovery, but rather on the precipice of another decline — a double dip? [If so,] where might this re-recession begin? Words: 988
September 21st, 2010 | Posted in Economy | Read More »
The so-called U.S. news outlets are again talking about a “bottom” in the U.S. housing market – and trying to entice more victims to jump in. However, the reality is that mortgage statistics show that the collapse in the U.S. real estate market will continue to get worse until at least 2011. Words: 492
September 17th, 2010 | Posted in Housing Prices/Foreclosures | Read More »
It would appear that the U.S. is in an untenable position – between a rock and a hard place – in an inescapable debt trap – where the options are, at best, dire – hyperinflation or a deflationary depression! It would seem that all we can do is ride out the storm in a boat laden with gold. Words: 2283
September 16th, 2010 | Posted in Debts/Deficits,Economy | Read More »
It is an old saying that the “road to hell is paved with good intentions”. Well, in recent years, that road has been changed to a super-highway! America was put on that super-highway a few years ago and right now we are traveling at break-neck speed toward the financial abyss. Words: 1132
August 12th, 2010 | Posted in Economy,Inflation/Deflation | Read More »
If you think home prices have hit bottom and are now headed back up for good, think again! Round two is about to begin. Words: 552
May 15th, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »
Anyone who sees a rising pool of millions of delinquent mortgages as the foundation of a recovery in housing valuations isn’t considering the feedback loop which is now firmly in place. The foreclosure pipeline will be full for years to come precluding any “recovery” in housing valuations as supply will swamp demand. Words: 385
April 20th, 2010 | Posted in Housing Prices/Foreclosures,Real Estate | Read More »
Here are [6 of my 11] my prognostications in the areas of the economy, domestic politics, global geopolitics, and the investment markets: The US Dollar will fall to record low; house prices will fall a further 10%; interest rates will rise; unemployment rate will rise to 11%; oil prices will exceed $100; the stock market will drop 30%. Let’s hope I’m wrong! Words: 681
March 15th, 2010 | Posted in 2011-12 Forecasts,Economy | Read More »