Silver as an investment

Category Archives: Mortgage Industry

Did the Sub-Prime 2.0 Bubble Just Burst?

As you know, we’ve been tracking the sub-prime auto-loan industry closely. Our view is that this industry represents the worst of the worst excesses of our current credit bubble, much as the subprime mortgage industry represented the worst of the worst in excess for the Housing Bubble. For this reason, we refer to sub-prime auto-loans […]

Steve ‘Big Short’ Eisman: Smart, Lucky, Abrasive (& Now One Of Them)

Authored by Jim Quinn via The Burning Platform blog, I loved Michael Lewis’ book – The Big Short – about the 2008 Wall Street created global financial catastrophe, that is still impacting the little guys on Main Street eight years after it was supposedly resolved by Paulson, Bernanke and Obama. I even wrote an article […]

Mnuchin Dashes Banker Hopes That Prop Trading Is Coming Back

What a difference a week makes. On January 23, Reuters reported that dialing back the Volcker Rule which limits banks’ ability to engage in speculative investments using their own balance sheet, has emerged a top priority for President Donald Trump’s nominee for U.S. Treasury secretary, Steve Mnuchin.  In written responses to questions posed by members […]

Subprime Auto Loans Go Mainstream: Exposing The Shady Practices For “Everyday” Americans

While the pending subprime auto loan bubble pop is nothing new for our readers, it may be a shocking revelation for the average American who would fall victim of these scams. British comedian John Oliver has prepared a video that places in evidence the rampant fraud that currently takes place in the auto lending sector. […]

David Dayen’s ‘Chain of Title’ Confirms What You Always Suspected: The Game is Rigged

“The personal sacrifices Lisa Epstein & Michael Redman make to become activists will leave all but Szymoniak permanently altered, and uncompensated for their efforts.” ~ David Dayen’s Chain of Title Interview Confirms What You Always Suspected: The Game is Rigged Reposted from Livinglies Chain of Title should be required reading in every college-level business ethics […]

Wait A Minute – Who’s The Real Fascist?

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The core belief of the Establishment is the central state should run everything. If you're an Establishment insider, the mainstream media will give you plenty of column inches and airtime to label Donald Trump a "dangerous" fascist: for example, Democratic insider Robert Reich's fear-mongering frenzy Donald Trump is […]

Here’s Why Housing Must Be Propped Up

Submitted by Charles Hugh-Smith of OfTwoMinds blog, If housing tanks, the last prop under the veneer of middle class wealth collapses. The Powers That Be have gone to extraordinary lengths to prop up housing by whatever means are necessary since the collapse of the housing bubble in 2008: the Federal Reserve has pushed mortgages rates […]

Frontrunning: July 31

U.S. stock futures slip amid lukewarm earnings, fall in commodities (Reuters) Stressful times for low-polling Republicans who may miss debate stage (Reuters) Trump shows staying power with surge ahead of first debate (Reuters) China Market Manipulation Probe Targets Spoofers After Crash (BBG) Beijing Chosen to Host 2022 Winter Olympics (WSJ) Obama Warns Support on Iran […]

Investment Guide For The American Dystopia: Go Long the 1%, Short The Middle Class

Submitted by Daniel Drew of Investment Guide for the American Dystopia: Go Long the 1%, Short the Middle Class Would you short the Brady Bunch? I would. Mike Brady is supporting nine people on one salary in a large two story house in an LA suburb. It would have been a difficult feat in […]

Will The Fed Intervene In The Oil Market?

Submitted by Charles Hugh-Smith of OfTwoMinds blog, In a larger sense, the Fed is already intervening in the oil sector via its zero interest rate policy (ZIRP) and its unlimited liquidity for financial speculation. The problem with financializing a critical sector of the economy is the financialization process transforms it into a systemic risk. The trajectory […]