Home Equity

Stockman: "We're On The Fast Track To 'Carmageddon'"

"...booming economic growth is exactly what is priced into the still soaring stock market averages. But the Carmageddon story is evidence of the rot which lies beneath today’s mutant economy and lunatic financial bubbles..."

Millennials' Savings Rate Climbs For First Time In A Decade

Despite the aggregate student debt burden eclipsing the $1 trillion mark, and wages pressures across the US economy remaining relatively subdued, a new survey from Bankrate.com claims that Americans’ savings habits are improving for the first time in a decade, with the strongest gains recorded among the 18-26 demographic.

Household Net Worth Hits A Record $95 Trillion... There Is Just One Catch

In the first quarter of 2017, total US household net worth rose by $2.3 trillion, reaching a record $94.8 trillion as the stock market soared and home prices posted modest improvements. And while it would be great news if wealth across all of America had indeed risen as much as the Fed claims, the reality is that there is a big catch...

Time To Add Housing To The Bubble List?

Housing is hot again, but lately it’s been overshadowed by flashier bubbles in government debt, tech stocks and possibly cryptocurrencies. Still, the warning signs are spreading.

US Household Debt Surpasses 2008 High, Hits Record $12.7 Trillion

“Almost nine years later, household debt has finally exceeded its 2008 peak. This record debt level is neither a reason to celebrate nor a cause for alarm. But it does provide an opportune moment to consider debt performance,” said Donghoon Lee, Research Officer at the New York Fed.

Canada, Let's Not Minsky Words

"Breeding animal spirits too long creates systemic problems...and for Canadian real estate, the truth is Minsky instability could’ve been argued years ago - But central banks have created unstable market monsters that they neither can afford to feed nor fight."

Peter Schiff: Damn The Deficits, Huge Tax Cuts Ahead!

For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if passed, what may this bunker buster do to the economy? While I have rarely met a tax cut I didn’t like, this one just may be more likely to send the economy into a downward spiral than it is to send up to orbit.

In Today's Fiat Money Financial System, 'The House' Always Wins

Perhaps the rules of the game have always favored the bankers.  Loaning out deposits at a higher interest rate than the yield paid is cornerstone to fractional reserve banking.  However, the extreme maltreatment of individual depositors and borrowers that has persisted following the 2008 credit crisis is a downright disgrace. 

The American Dream, Twice Removed

"The demise of America comes in small steps. But it’s unstoppable. The same is true for every other housing bubble. When no-one can afford to buy a home anymore but a bunch of Russians and Chinese, rental prices surge. And then shortly after that the whole thing goes up in smoke."