Gold And The Commodities Are At A Turning Point In The Markets
“Sooner or later the gold price will react to higher inflationary pressures, but near term, the price is focused on next week’s FOMC.” Here’s an update…
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Fund Manager Outraged: Getting Rich On Taxpayer-Backed Subprime Mortgages
Dave Kranzler explains why until the housing market crashes yet again, it’s all massive profits for subprime lenders on the taxpayer’s-backed dime…
Continue readingFund Manager: Sparks Fly Toward The Debt Powder Keg
Dave Kranzler says, “the narrative that the economy continues to improve is a myth, if not intentional mendacious propaganda”. Here’s why…
Continue readingFund Manager: Subprime Mortgages Are Back Just Like A Dog Returns To Its Vomit
Dave Kranzler says “mortgages now offered by the Federal Government are beginning to look and smell like the same sub-prime sewage that…”
Continue readingThe Death Of The Great Recovery And The Second Coming Of The Carmageddon
Last year’s hurricanes and wildfires caused a temporary bump in sales, but 2017 still ended down, and the worst is yet to come. Here’s why…
Continue readingFund Manager: Subprime Mortgages Have Come Roaring Back
Dave Kranzler says this time, however, these mortgages are sponsored by the government and guaranteed by U.S. taxpayers. Here’s the details…
Continue reading‘Non-QM’ (Non-Qualified Mortgage): Banker Lingo That Says Subprime Is Back In A Big Way
“You’d think that the entire financius dumbassus species would have learned from this experience. But you would be wrong.” Here’s why…
Continue readingFund Manager: Subprime Credit Card And Auto Loans Are In Excess Of The Subprime Housing Crisis
Dave Kranzler says that the sub-prime auto loan Armageddon that’s coming is going to be worse than the 2008 crisis. Here’s why.
Continue readingFood Stamps, Subprime and Hyperinflation
The next generation will look back at the current period with utter astonishment. The archives will be riddled with debates and all manner of euphemisms for what led to the […]
Continue readingTwice as Bad as Subprime
49 million empty houses and apartments. That’s the situation in China according to new research. Vacancy rates are 22.4%, and only 40% of current construction is needed to meet actual […]
Continue readingMortgage Standards Are Plunging – It’s Muppet Fleecing Time All Over Again
In February, I highlighted the fact that subprime loans were about to make a return in my piece: Subprime Mortgages are Back…This Time Marketed as “Second Chance Purchase Programs.” In that article, […]
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