Macro analyst Wolf Richter is confident we are living in the largest asset price bubble ever blown. And the recent staggering run-up in prices in stock, housing, commodities and Bitcoin convince him that we are currently at the market’s peak…to be followed...
On one side: land rush by a few hundred thousand home buyers. On the other: millions of homeowners with delinquent mortgages. The Federal Housing Administration (FHA) prides itself in insuring subprime mortgages with, as it says, “low down...
As businesses, agencies and organizations recalibrate to the reality that the V-shaped recovery was nothing but a brief fantasy, 6 million additional jobs lost may be a best-case scenario rather than the worst-case scenario. It is somewhat less than reassuring that...
Mortgage REIT # 4 so far: This afternoon, March 24, MFA Financial announced that it had received “an unusually high number of margin calls from financing counterparties,” and that by the close of business on Monday, it couldn’t meet those margin calls. Its shares...
Thursday early afternoon, during the chaos when the S&P 500 was down nearly 9%, what would turn into the worst single-day stock market sell-off since the 1987 crash, the Fed rolled out its fastest mega money-printer yet, after its smaller money-printers...
The Saudis want to break free from U.S. influence and hedge their bets with China and the Russians
DOWNLOAD SAUDIS GIVE BIDEN THE FINGER: END OF DOLLAR NOW!
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