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Displaying (3) Comments | Comment on this piece | Report objectionable art
I get the feeling the treggir event for equities will happen when the govt finally gets its nose out of the markets. The markets are so distorted and subsidized who can truly forecast anything with accuracy?That being said, I feel that the US consumers or the lack thereof will be the treggir. Since 70% of GDP is from consumer spending how can this be sustainable with the unemployment we have? OK companies have cut back as far as they can but when no one is buying what difference will that make? Knock on effects from this is defaults on CRE, more unemployment, more foreclosures etc.Then there is China. Why they are buying up US debt is beyond me. What is the DTI of the average consumer when it comes to the fiscal deficit? I really don’t want to know the answer to that question. I really don’t. When China stops buying…look out!A self fulfilling prophecy is on its way. Govt spending programs just delayed it a little while. The deepening depression will come this year or mid 2011 and the funny thing is we will get inflation along with it. Sounds bleak eh? Well that is because it is. Oh yeah look out from some bank runs to.
By: | May 27, 2014 | Report Comment
iPrw0d I really like and appreciate your blog.Really looking forward to read more. Really Great.
By: | Oct 26, 2013 | Report Comment
My understanding of foorlcrsuee gate in some cases, unclear how extensive, it appears that mortgages have not been properly assigned to the mortgage backed securities. It also appears that the terms of the Pooling and Service Agreement (PSA) have not been executed in some cases. It appears that the promisory note can be endorsed in blank as it is the bearer who owns it. It appears that mortgages at least in some states cannot be assigned in blank. It appears that the promissory note has been and can be separated form the underlying mortgage. it appears that if the terms of the PSA had not been adhered to, breach of contract can be asserted.This is an unfolding story. Mortgage backes securities are supposed to be backed by mortgages and are supposed to be asset backed securities. If a homeowner defaults on a mortgage that has been pooled into an MBS, the trustee can foreclose (assuming correct assignment to the MBS), and the recovered monies returned to the MBS. It appears that if the trustee cannot foreclose, than the loss to the MBS is that much greater, and the value of the MBS in that case must be less.It remains to be seen if investors in MBS' will demand that these securities be audited. It remains to be seen if investors will sue for breach of contract. It remains to be seen if the value of MBS' will be downward adjusted to reflect the increased risk, However, already we are hearing rumblings from pension funds. It remains to be seen what value if any this type of business adds to the economy and to society in general. Stay tuned. Rate this comment: 0 0
By: | Aug 05, 2012 | Report Comment
lichen pattern
mzabor
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