Housing Bubble

Here's How Many Americans Live In Houses They Can't Afford

The U.S. Department of Housing and Urban Development suggests that you spend no more than 30% of your annual budget on housing costs as it could put you at greater risk of being unable to afford other necessities.  That said, Americans are overachievers.

Loonie Soars After Bank Of Canada Unexpectedly Hikes Rates By 25 bps

With only 6 of 33 forecasters predicting a rate hike in today's Bank of Canada announcement, it was inevitable: the Bank of Canada surprised a good 75% of the market, and triggered massive stop loss orders in the looni, when moments ago it announced a rate hike of 25bps to 1%, sending the USDCAD lower by nearly 300 pips, the biggest spike in the loonie since March 2016.

Wall Street Journal Lashes Out At "Our Political Central Bankers"

Janet Yellen didn’t run for President, but you wouldn’t know it from her policy démarche Friday at the Federal Reserve’s annual Jackson Hole retreat. The Fed Chair unleashed a defense of post-crisis financial regulation that shows how political the world’s central bankers have become.

Housing Bubble 2.0: Home Equity Loans Soar To Highest Level Since 2008

"If customers feel like their home values are stable or increasing, and if they feel like their job prospects are good—that they will have the ability to pay back a loan they take—then they will start to take out more home-equity lines.  That is what we are starting to see."

Which States Have The Most Mortgage Fraud

Florida led the way by a large margin, with eight times the number of expected mortgage fraud investigations. Nevada came in second, with just more than 2.5 times the number of expected investigations. Those two states showed some of the worst declines during the collapse of the housing bubble.

How Much Gold Should The Common Man Own?

"It’s curious that people are worried about gold but not the obvious bubbles that surround them. Media contributes to the ignorance by demonizing gold while praising bubbles."