And the hits just keep on coming: BOSTON (Reuters) — General Electric Co.’s WMC Mortgage unit is laying off 460 staffers across the United States, representing about 20 percent of its work force, spokeswoman Brandie Young said Friday. The mortgage lender has also stopped writing new loans to people who do not make down payments, […]
In my latest post, I threw around a few terms at the end that may not be well understood. One of them in particular, Yen Carry Trade, is key to the risk our economy is in. Mark Larson from Money and Markets has an excellent write up A real monster behind the market plunge! Executive […]
First off, sorry to all for not posting for such a good stretch of time. If you have been reading my posts here, you know that I have been anticipating some significant changes in the status quo of the US economy. Last summer I started to get the notion that things were out of control […]
I get to have some interesting encounters in my job. For the last 18 months I have been campaigning first in the DoD and then in the commercial space to bring to market a new kind of software. It’s job in life it digest massive amounts of data and event information to come up with […]
As per request, some additional information on the housing market in the US. Rather than pull someone else’s good work today, we are going to delve into the output of an interesting and unique piece of software that called “Hardtack”. Hardtack is a system that “strip mines” a variety of MLS databases (real estate multiple […]
UPDATE (10/15/06): Henderson has posted some of his data and observations above. “Evil” Bruce Henderson, my co-blogger, has developed a data mining tool that constantly surveys the web, building up data about housing prices and mortgages being issued. The results are troubling, to say the least; I’ll leave it to him to post the information […]
What Were We Thinking?
As Webster has mentioned, some time early in 2006 I started tracking several pieces of the financial sector using a new tool I invented that we named “Boomerang”. Suffice to say it was originally conceived as a tool for intelligence fusion for things like the war on terror. Unable to find a vehicle inside the […]
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