Archive - May 2012 - Blog entry

Get a load of this shit...

When it came time to vote in round one, more French youth voted for a party whose leader wants to break up the Euro, who wants to deal with immigration by ending dual citizenship, affirmative action, and by kicking out any immigrant who cannot adhere to French principles or who commits a crime, and who once compared the legal French tolerance of Muslims praying in the streets to putting up with Nazi occupation.

In the Eurozone

FHA insured loans have been a big booster for the current market.  Historically FHA insured loans made up roughly 8 to 12 percent of all mortgage originations but in 2009 they hit 30 percent.  For first time home buyers it was a stunning 50 percent showing that most people can only purchase a home today with a very small down payment.  Yet small down payments create instant negative equity positions if the market moves sideways or pops lower (aka our current market).  For example, the 3.5 percent standard FHA down payment is wiped away by the 5 to 6 percent selling costs.  What is interesting with this is that the FHA insured loan market is fully backed by the government (i.e., you) so any losses will be completely shouldered by the public.

All Hail to the Great One...Moolaram!!!

The Elite Financial Players Are Manipulating the Game So that They Get the Stimulus ... and the Little Guy Gets the Austerity

The situation in Europe is bad...  How BAD? Well, France, Spain, and Germany have ALL implemented border controls. That's not a typo. Spain, France, and Germany can each close their borders for up to 30 days at any point if they so choose. Why are they doing this? Because they know that when the stuff hits the fan and the EU collapses (which it will in the next few months) people are going to attempt to flee with their money... so they have made it so that no one can get it... and no one can get out. 

Now that, thank God, the Facebook IPO is behind us, effective immediately, new Federal regulations expressly ban the following terms within the fifty United States and its territories:

There's a big, fat "I told you so" coming down the pike. 

We know...

“Public debt is an enemy for the country”

 A recent IMF working paper predicts a permanent doubling of real oil prices over the coming decade.  However, the "peak oil labor" could be just enough to tip the scale for the doubling in oil price scenario a lot sooner than year 2022.

The Issue Is Not Really Regulation ... It is a Malignant, Symbiotic Relationship Between Government and Wall Street

Face on or face off?

A matter of fine interpretaton...