Mortgage REITs are companies that borrow money to buy mortgage backed securities (MBS) and earn the spread between their cost of funds and the yield
Interest rates soared again last week. This weekend a lot of people are running a lot of numbers and getting some terrifying results. It seems
They say that one sign of creeping old age is that memories from past decades are more vivid than those from past days or weeks.
It’s safe to say that as this is written at noon EST on Monday the 24th, every economic policymaker in this hemisphere (and a lot
It’s safe to say that the Federal Reserve, along with everyone else who thinks of themselves as in charge of the economy, would like a
Friday was one of those days when so many markets move so dramatically that it’s hard to know what to focus on. But in this
For a while there it looked like Japan had the answer. A strong new leader comes in and cuts through all the indecision, orders the
Bloomberg is reporting on the rising number of hedge funds shorting gold: Gold Bear Bets Reach Record as Soros Cuts Holdings Hedge-fund managers are making
Based on both recent history and mainstream economic theory the past few years should not have been possible. When you cut interest rates to near-zero,
One of the lessons that gold bugs are learning, in the most painful way possible, is that you can’t trade a manipulated market. When big
Japan’s currency devaluation has worked beautifully. The yen is plunging, Japanese stocks are soaring, and the current account surplus — the main measure of a
It’s easy to understand the attraction of things like adjustable-rate mortgages and teaser-rate credit cards. They give you cheap money up front and a few
Marc Faber of the Gloom Boom Doom Report was interviewed by Bloomberg on Friday, and of course topic number one was the brutal takedown of
Based on the past few weeks’ stock market action, Japan’s decision to flood the world with yen looks like a raging success. It’s not of
In this week’s talk with National Numismatics’ Tom Cloud, he explains why the reported price of gold is not the real price. DollarCollapse: Hi Tom.
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