ARCHIVED BLOG POSTS
2014
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Even Real Estate companies recently have climbed aboard the Bitcoin bandwagon. After a stunning 60% drop in the price of Bitcoin, an IRS ruling, media frenzy, high profile arrests, the collapse of Mt. Gox, once the world's biggest Bitcoin exchange, Warren Buffet's comments on Bitcoin ( a "joke"...
03/30/2014
16:10-20:11 Discussion of a recent Zillow poll claiming that four million renters want to buy homes. The problem with the housing market isn’t low inventory, it’s low demand. New home starts, new home permits and mortgage applications are down. “Who will buy homes as investors leave the market“. ...
03/22/2014
In the last few years China and Russia have been furiously adding to their gold reserves. The chart shows Russia to have the seventh largest holdings of gold and China to have the fifth largest holdings of the yellow metal. A recent Bloomberg report speculates that China may indeed have vaulted i...
03/21/2014
With the Federal Reserve seemingly intent on winding down its quantitative easing program that involves buying between 70-90% of newly issued U.S. Treasury bonds (T-Bonds) and a good portion of the exisiting mortgage backed securities(MBS’s) in order to keep interest rates low, who will buy them ...
03/20/2014
The situation in Russia is heating up with a vote in Crimea today schedule to determine whether that province stays in the Ukraine. The U.S. and the E.U have threatened sanctions against Russia. Russia has made official and unofficial threats about what they may do in response to sanctions. If Ru...
03/16/2014
The Housing Recovery and the Law of Small NumbersSmall numbers make the recovery look bigger than it isThe current housing recovery is a mirage wrapped inside a delusion. We have rising home prices, rising stock prices and a falling unemployment rate. Sounds great.There is a disconnect, however, ...
03/10/2014
Finance advisor to Russia threatens to sell its U.S. dollar reserves if the United States imposes sanctions on Russia. While perhaps not an utter disaster, it would not be good for interest rates. If Russia dumps its us treasury bonds
03/08/2014
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The U.S. Regulatory agencies along with the IRS, The Department of Justice and the Treasury Department have yet to issue guidelines on how they will treat bitcoin. Aside from the extreme price volatility of bitcoin, a lack of clear regulatory guidance makes transacting in bitcoin very risky. How ...
03/03/2014
Mortgage applications dropped to a twenty year low yet the media insists on using the term “recovery” to describe the housing market. People are getting fired by the thousands in the mortgage sector, mortgage applications are down to 20 year low, there are consistently 350K unemployment claims ea...
02/28/2014
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As fad thin air currency Bitcoin gets more media attention and merchant adoption, the price of bitcoin is falling. Here is why: most of the Bitcoin accepting merchants are also large sellers of Bitcoin as they are not really accepting Bitcoin; they are processing Bitcoin purchases through compan...
02/28/2014
