Tag Archive for: economy

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

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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?

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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 […]Read More

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

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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

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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

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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

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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?

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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

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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!

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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