Archive - Jun 2013 - Blog entry

The markets are beginning what could in fact be an epic meltdown.

Unless You Know About This Spying Method, You Might Say Something Which Could Get You In Hot Water

"Well you know if you look at the last 13 years it was up 12 out of 13 and this year isn't even over yet, so I would say its responded pretty well.  But you might say well yeah what about in the last year why hasn’t it? Well, markets do these things they go up sharply and sometimes they take a rest.  But the long term is something you can get a handle on, but I was never very good on short term, whether it’s the stock market or whatever, or what government will do, they are just all over the place.

The best way to get to a "buy" signal is to have lower prices.

Hey POTUS, guess where this hand's been...

Overview of the great unwind, which I suggest has three components--tapering talk in the US, Japanese selling foreign assets and the liquidity squeeze in China (squeezing another carry carry trade).

In the real economy on Main Street, the circumstances are different. If you want to buy a house in the US and you need a conventional mortgage, and if you are not a speculator and want to live in dwelling, your costs have now risen substantially.

The Swiss Parliament basically told the US Department of Justice to fuck off.

A message to Mr Holder...

Government Hypocrisy Is the Core Problem

Why is it when the market goes up, it is the correct response to some news or event and when it goes down, the market is getting the wrong message?

They’re worried the system might break down if the bond bubble were allowed to inflate further only to implode in a “disorderly” manner.

All tyranny needs to gain a foothold is for people of good conscience to remain silent--Thomas Jefferson

EB heads to TV...and reflects on predictions from 2009's "A Grand Unified Theory of Market Manipulation"

The big motivation for large real estate investors was the yield they could potentially receive from purchasing real estate in depressed markets. Early adopters entered the market in 2008 and 2009 and by 2010 the market was flood by big money investors. Today we are seeing a saturation in terms of investors and yields are not worth the time for many large funds. For example, rents in Arizona and Nevada are down from where they were in 2010 in spite of the rapid rise in housing values. It could be because there is a saturation of rentals in these markets or simply because incomes are weak in these areas. One thing is certain and some investors are losing their appetite for rental real estate. Another interesting trend involves higher inventory and subsequently and ease in the volume of bidding wars.  What are some of the trends in the current housing market?