Sep 20 2009

The Art of Strategic Mortgage Defaults: The Coming Wave of Foreclosures in California. 588,000 People Nationwide Stop Paying Their Mortgage Even Though they had Funds to Pay.

Throughout the current housing crisis, most of the negative economic data has been clumped into one large group.  That is, housing has been a nationwide problem and job losses have impacted virtually every state.  Yet there is a coming crisis that has its targets on very specific states.  In fact, many states will not even […]

Aug 5 2009

In Goldman Sachs We Trust: The Story of a $222 Stock going to $1 During the Great Depression.

As we look over the masters of the universe on Wall Street with Bear Stearns, Lehman Brothers, Merrill Lynch, Morgan Stanley, and Goldman Sachs only two remain standing and no longer in their previous form.  Yet in the midst of all this turmoil, the storied Goldman Sachs is still churning out the profits.  A recent […]

Dec 4 2008

The Housing Bubble Started in 1979: The 3 Stages of the Housing Bubble. From Birth to Bust. Housing Collapse is 30 Years in the Making.

Many would argue that the real estate bubble started in 1997.  At this point, residential real estate values in the United States disconnected from any economic fundamentals.  We have heard this argument many times.  Yet I am going to argue that the current real estate bubble started in 1979.

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Mar 3 2008

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 […]

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Jan 7 2008

The Leverage to Become Wealthy. Believing In Yourself to Achieve the Impossible.

You know I once asked a very wealthy VP of a Fortune 500 company what inspired him to be wealthy and his answer shocked me. “Money is a game and the man with the most notches on his belt wins.” This threw me back. I was in my late teens and wanted to become financially […]

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