Silver as an investment

Category Archives: loans

Bad News For The Economy: Some Have Stopped Paying Loans On Mobile Homes

Some people in the United States have stopped paying their loans on mobile homes. This is a bad sign for the economy as many no longer can afford the increase in interest rates. According to a report by Yahoo Finance, the mobile home market is showing the first signs of stress.  The delinquency rate on […]

Yes, governments CAN go bankrupt. And no, it’s NOT impossible…

sovereignman.com / Simon Black / December 26, 2017 [Editor’s Note: As we’re coming up on the end of the year, we thought it would be appropriate to republish some of our most popular articles. Today’s was originally published on March 13, 2017] In the year 1517, one of the most important innovations in financial history was invented […]

UK’s Toxic Housing Mix

Asking prices for houses in the UK are starting to fall at a time when first time buyers in the UK continue to struggle to get on the ladder. The average house price in the UK has now moved lower by around £25k according to property website Zoopla, but are still nearly 8 times the […]

Global Deflation Alert: Chinese Credit Creation Tumbles To 27 Month Low

At the end of November, we showed a troubling observation for China – and global – macro watchers from Axiom’s Gordon Johnson: for the first time ever, record Chinese credit creation had failed to stimulate the economy, and in fact the exact opposite appeared to be unfolding – economic growth is slowing across a number […]

Pending Tax Reform

armstrongeconomics.com / by Martin Armstrong / Dec 14, 2017 Congressional Republicans finally reached a deal on the tax cuts, the biggest reform in 30 years. This sets the stage for a vote next week. The U.S. corporate tax rate was changed upward moving to 21%. The top[ tax rate will be reduced marginally from 39.6% to 37%. The corporate alternative […]

Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets

goldcore.com / By jan skoyles / December 5, 2017 Bailins Coming In EU – 114 Italian Banks Have NP Loans Exceeding Tangible Assets – Italy opposes ECB proposal that holds banks to firm deadlines for writing down bad loans – Italy’s banks weighed down under €318bn of bad loans – New ECB rules could ‘derail’ any recovery in […]

So Why Did Capital One “Suddenly” Exit Mortgage Lending??

Last week, Capital One Financial (COF) announced that is was formally withdrawing from the residential mortgage loan market.  Some observers mistook this announcement for news, thinking that COF had actually been engaged in residential lending in a serious way.  Housing Wire, for example, reported that COF had “suddenly” exited the mortgage and home equity business. […]

U.K. Litigation Cases On Defaulted Consumer Debts Soar Beyond 2008 Levels

Last month, S&P warned that UK lenders could incur £30 billion of losses on their consumer lending portfolios consisting of credit cards, personal and auto loans if interest rates and unemployment rose sharply.  Much like in the U.S., S&P warned that "loose monetary policy, cheap central bank term funding schemes and benign economic conditions" had […]

World’s Longest Bull Market (55 Years) In Australian House Prices Is Over, According To UBS

This morning, CoreLogic released its monthly report on Australian house prices – the world’s longest running bull market. Finally, measures to tighten credit standards and dissuade overseas buyers (especially Chinese in Sydney and Melbourne) are beginning to bite and price rises ground to a halt last month. From the report… Since moving through a peak […]

How Many Hours Americans Need To Work To Pay Their Mortgage

When it comes to the cost of living in cities, a general rule of thumb is that housing prices are much higher in the country’s economic and population hubs, especially in the cities along the coasts. As Visual Capitalist's Jeff Desjardins notes, particularly in recent years, prices have been pushed sky-high in places like New […]