“Wave Of Disaster” Threatens U.S. Mortgage Market

Today’s AM fix was USD 1,250.75, EUR 919.80 and GBP 767.99 per ounce.Yesterday’s AM fix was USD 1,250.75, EUR 923.88 and GBP 773.69 per ounce. Gold fell $6.70 or 0.54% yesterday, closing at $1,242.10/oz. Silver slid $0.17 or 0.85% closing at $19.85… [...]

“Wave Of Disaster” Threatens U.S. Mortgage Market

Today’s AM fix was USD 1,250.75, EUR 919.80 and GBP 767.99 per ounce.Yesterday’s AM fix was USD 1,250.75, EUR 923.88 and GBP 773.69 per ounce. Gold fell $6.70 or 0.54% yesterday, closing at $1,242.10/oz. Silver slid $0.17 or 0.85% closing at $19.85… [...]

Yen Carry Lifts Risk Around The Globe In Quiet Overnight Trade

In a carry-trade driven world in which news and fundamentals no longer matter, the only relevant “variable” is whether the JPY is down (check) and the EUR is up (check) which always results in green equities around the globe and green futures in the US… [...]

RealtyTrac: "Institutional Investor Housing Purchases Plummet Nationwide"

Concluding the trifecta of today’s housing data, we present perhaps the most authoritative report on what is actually going on in the market, that by RealtyTrac. What RealtyTrac has to say is in direct contradiction with both the Permits and Case-Shill… [...]

Baffle With BS Continues As House Prices Beat And Miss At Same Time; Detroit Home Prices Go Parabolic

It’s a full-on “Baffle with BS” onslaught this morning. On one hand, the Case-Shiller Top 20 Composite Index rose by 13.3% Y/Y, better than the 13.00% expected, and the highest annual price increase since 2006. Unfortunately, the ramp is coming to an e… [...]

Futures Go Nowhere In Quiet Overnight Session

In fitting with the pre-holiday theme, and the moribund liquidity theme of the past few months and years, there was little of note in the overnight session with few event catalysts to guide futures beside the topping out EURJPY. Chinese stocks closed a… [...]

Debt Deflation and the Illusion of Wealth

Listening to our friends in the financial media, one is tempted to think that skillful investors are somehow able to dodge the flaming asteroids of inflation as they fall to earth.  See the last few minutes of the latest David Twohy film “Riddic… [...]

Mike Maloney’s Top 10 Reasons To Buy Gold & Silver

As Mike "Hidden Secrets Of Money" Maloney has said many times before, the economic crisis of 2008 was only a speed bump on the way to the main event.  He believes that before the end of this decade there will be an economic crisis so his… [...]

Case-Shiller Beats: Bankrupt Detroit Among Top 5 Fastest Appreciating Housing Markets

If yesterday’s collapse in September existing home sales was indicative that Housing is tumbling and it means the Fed will not taper until mid 2014 sending the S&P to a new record high, today’s August Case Shiller, which beat expectations of a M/M … [...]

Futures Flat As FOMC Begins 2-Day NOctaper Meeting

For those curious what Bernanke’s market may do today, we flash back to yesterday’s AM summary as follows: “Just as it is easy being a weatherman in San Diego (“the weather will be… nice. Back to you”), so the same inductive analysis can be applied t… [...]