The large mortgage companies, Freddie Mac and Fannie Mae are government chartered quasi companies. They exist to enable a healthy and robust mortgage debt market, and before the age of Wall Street mortgage generation (which lead to one facet of the current debt and housing crisis) were pretty much the main source for money to […]
As most of the readers here know, my team has been working with new technology to extract, refine and exploit information that is all around us. We have named that technology Boomerang and one example of it is an application called Hardtack. We are approaching the 1 year anniversary of full scale data gathering with […]
A year ago there was a great deal of disagreement on this nation’s housing bubble, with the people invested long in real estate insisting that it was just “fair value” and that prices would continue ever higher, carrying those “wise” enough to get in at historically high costs to greater riches. To keen observers, the […]
Now it’s Google — the absolute favorite of Wall Street — that’s getting hammered: More than $11 billion (£5.5 billion) was wiped off the market value of Google late last night as the internet darling missed sales and profit targets after years of defying gravity. The performance over the final three months of the year […]
For those of you who did not see the story on mortgages in last weekend’s 60 Minutes, they revealed America’s first glimpse at a trend that is a serious threat to our economy; people intentionally defaulting on their mortgages. This except is from Minyanville’s professor Kevin Depew’s Five Things You Need To Know: (my comments […]
All the way back in August, I raised concerns about another tech bubble building in light of the valuation of VMWare shooting up to nearly $20 billion on the day of its IPO. Of course, VMWare’s market cap continued to climb, sitting at a high of $30 billion as recently as a few days ago. […]
I know that the president and the congress have been hard at work trying to perform some kind of economic defibrillation to make sure the US does not slide into recession. At present it looks like Uncle Sam is going to be handing out packages of “free money” to everyone in the country except rich […]
Today is a perfect day to share some facts on the up side of finance. As is usually the case, even in an ugly market not everything is always all bad. For example we are once again to going take a look at Hardtack data on price per square foot. This time we review the […]
Asia markets are picking up again heavily on the down side, with the India down almost 10% at the moment. The Euros are predicting a start at last -3% down from yesterday’s bloodbath. At the moment the Dow futures are off 500 or so points, meaning at open it will be down 500 points immediately […]
Well, so much for containment! It seems that the banks in China were no smarter than the rest of the world, and became investors in the funny money structured investments backed up by questionable loans. From CNN Money: China’s banks feel subprime heat BEIJING (AP) — Shares in China’s banks fell sharply Monday after news […]
