Tag Archive for: economy

Can Communists and Federal Reserves Control Economies Forever? No. So, Buckle Up!

Which country has far more debt than the United States? The answer is China, along with many other countries. Everyone focuses on the United States’ massive federal debt levels, but […]Read More

Everyone You Know Is Rich & That’s Why You’re Confused

To be in the top 10% of the wealthiest Americans, you only need a net worth of $854,00, per Yahoo Finance (this is pretty much everyone who owns a home in CA). The top 5% have net worths of $1 million and the top 2% have net worths of $2.5 million. To be part of the famous and “evil” “top 1%,” you only need a net worth of $5.8 million. Read More

Dude, Where’s The Recession You Keep Harping About? Employment Report B.S.

Because rates have been climbing all week, I got an email that asked me where the recession is that I have been “harping about” for the last year… Why Rates […]Read More

Is China’s Collapse Imminent?

A lot of smart people say, yes – China’s financial collapse is very likely.  I have addressed China’s woes several times over the last few years, including  (1) China's Banking System Collapse Is Terrifying; (2) China's Massive Housing Bubble; and (3) Are China's Woes Good For Mortgage and Real Estate? I am bringing China up again though because a financial collapse really does seem imminent (likely to take place this year), and the repercussions will be felt everywhere – given the enormous size of the Chinese economy.Read More

Fed Chair Bernanke Wins Nobel Prize for Agreeing With Nobel Prize Committee

Dr. Prescribes Steroid And Heroin For My Son! In 2003, my son was not performing well at all – socially, academically, or athletically – so I took him to the […]Read More

Why The Fed Probably Can Never Raise Interest Rates

Paul Volcker was the 6 foot, 7 inch tall Fed Chairman who raised the Fed Funds Rate to 20% in 1980 and shoved the United States into a massive recession. […]Read More

Mortgage Rates Way UP; Refi Now… Or Forever Hold Your Peace

Remember last year when I said rates could either go up, go down or stay the same? Well, I was right. 😊 OK – I was actually right about the […]Read More

Why I Was So WRONG About Interest Rates Rising – Part CCXXIX

If you Google the word “Wrong,” the below picture pops up in the results: OK… that is a real photo taken at a holiday party (in a photo booth – […]Read More

The Fed Halts Rate Increases; Good Or Bad?

Yesterday, the Fed announced that there will be no more rate hikes in 2019. And many people in the mortgage and real estate industries cheered. But a lot of economists […]Read More

Why Higher Rates Are Good? Rates Up After Fed Announced More Rate Increases

In real estate, we focus on the harm of higher interest rates – higher mortgage payments, less buying power, and fewer refinances for lenders. But, there are some good things […]Read More

Economy May Be Back; Happy Holidays From JVM!

Rates shot up yesterday primarily in response to a much stronger than expected Gross Domestic Product report, indicating that the US Economy is growing much faster than expected. This news […]Read More