housing bust

An Economist’s View On The Bank Bailout

The Economy

It’s clear that for all of the money spent by the U.S. Government in trying to revitalize the U.S. economy (and hopefully by extension, the world economy) not much has actually been accomplished. We seem to be throwing money at anyone who will take it, but nothing good really seems to be happening from it. […]

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The End of the World As We Know It: National Bankruptcy!

Debt

If you had to take a close look at the U.S. markets and the financial system and give an estimate on the absolute worst-case scenario for our economy, what would you predict? Martin Hennecke, senior manager of private clients at Tyche, has done just that and he has publicly declared that he believes that the […]

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The Bailout of Fannie and Freddie

Miscellaneous

The United States of America has officially become a nation of bailouts.  With the government takeover of Fannie Mae and Freddie Mac on Sunday, September 7 they have also become the nation’s largest mortgage provider.  They now own (or back) around $5-6 trillion in mortgage loans, which is roughtly half of the existing mortgages in […]

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Let’s Talk About The Late Countrywide

Miscellaneous

If you own a home, pay attention to any of the business and financial news or have ever owned a home you probably know who Countrywide is.  They are of course “America’s number one home loan lender and no one can do what Countrywide can.”  Well Countrywide is no more as they’ve been purchased by […]

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The Housing Crisis is Not Over

Personal Finance

I came across an interesting article the other day on the Wall Street Journal Online. Cyril Moulle-Berteaux of Traxis Partners LP (a hedge fund based in New York) wrote an article entitled “The Housing Crisis is Over.” He brought up some very interesting points, which I’d like to highlight for you and also provide some […]

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