Tag Archive for: financial crisis

Woohoo! Another Financial Crisis Is Coming – And It’s Gonna Be Bad!

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“What’s good for General Motors is good for America!” That is a slight bastardization of a quote famously uttered by GM’s CEO in 1953 – and he was largely right. What is ironic, though, is that the opposite is true for the mortgage industry (and for real estate).Read More

Why Trump Needs and Wants A Recession ASAP

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Mr. Trump needs a recession in the worst way. Larry McDonald (NY Times Bestselling Author and Financial Analyst) was on this recent Julia La Roche episode - Larry McDonald: Trump Needs a Recession to Fix the Economy – explaining why Mr. Trump needs a recession.Read More

#1 Reason America Will Always Reign Supreme – And Why We Don’t Need to Worry

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 An excellent and extremely well-informed agent emailed me yesterday to ask me if we are heading into a depression, as Jeff Snider’s podcast was scaring the heck out of her.  And my answer was no for a variety of reasons. First of all, Mr. Snider always comes across as a bit too negative, so his info, while accurate, should be taken with a grain of salt.Read More

Jumbo Loans In Peril Because Of Commercial Bank Issues

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The former owner of RPM Mortgage (now merged with Cross Country) told me about a particularly harrowing ordeal he went through in 2008. His company had locked tens of millions of dollars of loans with the intention of selling them to particular investors when they closed.Read More

Uh Oh… 2023 Financial Crisis? 2008 All Over Again? Maybe Yes, and Definitely No

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Rates fell sharply again today as inflation news was very good (PPI fell sharply), retail sales were down, and a key manufacturing index (Empire) was frighteningly weak.Read More