Massive Market Volatility is not a Good Thing! Biggest Percent Gains and Losses Occur in Economic Crisis.
I am amazed at how many people think that suddenly with a 10 percent gain on Monday that somehow the market is now in good shape. This could not be further from the truth. Massive percentage swings occur during economic turbulent times. You do not want to see 10 percent up or 10 percent down […]
Freddie and Fannie to Buy $40 Billion a Month in Toxic Sub-prime and Alt-A Mortgages.
This is actually breaking news that has the potential to really destroy the U.S. taxpayer. Â There is a report out by Bloomberg and now being reported by CBS MarkeWatch that Federal regulators are going to order Fannie Mae and Freddie Mac to start buying $40 billion a month in troubled mortgages each month. Â Keep in […]
Bank of America: Third Quarter Earnings, $1.18 Billion. Countrywide Loan Settlement, $8.6 Billion. One of the Biggest U.S. Banks Unable to do Math, Priceless.
I’m sure it is difficult for most people who are struggling with the day to day items of life to focus on the macro problems plaguing the economy. Many families are hearing more and more everyday about a neighbor or friend that has lost a home to foreclosure and deep down many are feeling a […]