Warren Buffet: Dow 24,000,000. Impossible Returns in an Impossible Stock Market. California Housing $3.4 Million Median.
Many of you I am sure have followed the investment advice from the richest man in the world, Mr. Warren Buffet. There is good reason to follow the Oracle from Omaha. Take a look at historical returns from his Berkshire Hathaway:
Why Credit is not the Same as Cash: Thornburg Mortgage and Margin Calls.
As many of you may or may not be aware, the next big thing that is pushing mortgage lenders and financials into the ground is margin calls. What is occurring in the market is companies leveraged to the heavens, are now realizing the stark difference between liquid and illiquid assets. Take a look at Thornburg […]
The Scariest Graph Ever: Home Mortgage Debt and Consumer Credit.
As the housing market continues its crash and burn path, it is sometimes difficult to put into words the incredible amount of mortgage debt floating around in the market. Since the 90s, mortgage debt has exploded and has followed a celestial trajectory to the moon. Mortgage debt has grown since 1997 for over a decade […]
$20 Trillion in Housing Wealth at Risk: The Potential Fall of the U.S. Housing Market.
Current estimates put American residential wealth at $20.66 billion. This is an incredibly large number and that is why even the relatively small percentage decline in prices last year has put the entire economy at risk. According to the Case-Shiller Index which tracks 20 metropolitan areas in the United States, the index is now down […]