Housing Prices Plummeted! Bubble Burst, No More Demand!
https://www.youtube.com/watch?v=z5Xkwbx4GL8 https://www.youtube.com/watch?v=AP3aTY1qx2c https://www.youtube.com/watch?v=P_3ZTl9YoPM
Why Don’t We Do A Couple Of These And See How They Go? Can’t Bankrupt The Whole Bank
A report from KIII TV. "Despite the economic downturn and sky-high inflation, the number of home foreclosures in our area is level, or even slightly lower than past years. Corpus Christi mortgage banker Claudia Mostaghas said people in the Coastal…
The Biggest Risk To The Financial System
https://www.youtube.com/watch?v=eRS07271zfk https://www.youtube.com/watch?v=5AZtEhSD8yQ https://www.youtube.com/watch?v=LbgiprfbkrM
No One Ever Paid Attention Because It Was When Pigs Fly, Well Pigs Flew Last Year
A report from the Washington Post. "Federal regulators have seized First Republic Bank and sold it to JPMorgan Chase Bank in a deal aimed at quelling renewed weakness in the nation’s banking industry. In a statement issued early Monday, the…
Almost Always The Root Cause Of Systemic Risks Is Monetary Policy
A report from Go Banking Rates. "What goes up must come down. The market’s downward shift is most apparent in the properties on the high side of the median. According to Redfin, luxury home sales fell by a record 45%…
What’s Known As A Ponzi Scheme
https://www.youtube.com/watch?v=9XES1IGINuk https://www.youtube.com/watch?v=idNDv3oDvw8 https://www.youtube.com/watch?v=VG4gElT1q7E
The Seeds Of A Bust Are Sown Throughout A Boom
A weekend topic starting with Yahoo Finance. "As Wall Street debates the cause of First Republic’s troubles, one analyst blames the nation’s top financial regulators. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen were 'advocates of the strategy called…
All This Magic Is Kicking The Can Down The Road
https://www.youtube.com/watch?v=oxd37VfPccs https://www.youtube.com/watch?v=WaFgqsAiveI https://www.youtube.com/watch?v=AhPEjhKkGSY https://www.youtube.com/watch?v=YOHSuwFWz7w
I See A Lot Of Panicking Happening, I’ve Seen People Lose Their Entire Life Savings
It's Friday desk clearing time for this blogger. "The National Association of Realtors’ index of pending home sales fell 5.2% to a reading of 78.9 in March, according to data released on Thursday. On a yearly basis, pending transactions plunged…