Articles related to Fannie Mae
Lew Rockwell
The Fed Friends A transcript of the Lew Rockwell Show episode 001 with Lew Rockwell
by Llewellyn H. Rockwell, Jr. Listen to the podcast ANNOUNCER: This is the Lew Rockwell Show. ROCKWELL: Welcome to the first LRC podcast. I want to thank producer, Chris Brunner, and announcer, Harvey Gold, for helping get this enterprise on the road. Today, I’m not going to talk about Bush’s and Cheney’s rotten wars of aggression already going on in Iraq and Afghanistan, covertly going on against Iran. And they, of course, want to start a full-fledged open war against Iran. I’m not going to tal
Monday, January 8, 2018
Andy Hoffman - Miles Franklin
We’re transitioning now (how about you)
It finally happened, we have a new Federal Reserve Chairman who will take the place of the academician. Jerome Hayden “Jay” Powell will replace Janet Yellen as Federal Reserve Chairman at the end of Yellens term and hopefully we will no longer see financial experiments by those that have never traded. This change up may actually create real movements without the central banker hindrances within the debt arenas. What will that do to the rest of the markets and to ones investments if they are not
Friday, November 3, 2017
Alasdair Macleod - Finance and Eco.
Follow the money
Since 2009, equities and other financial assets have climbed a wall of worry. Initially, it was recovery from the threat of a complete financial collapse, before the Fed saved the system once again.Systemic collapse continued to be on the cards, with European banks at risk of bankruptcy. We still talk about this today. More walls of worry to climb.The global economy has not imploded, as the bears have consistently warned. Systemic and other dangers still exist. The bears now point to excessive v
Thursday, August 3, 2017
Andy Hoffman - Miles Franklin
The Holy Grail Of Bullish Silver Statistics
Finally, I’ve found the statistic I’ve been searching for since 2014 – to solidify what I have always known, but couldn’t prove, about silver’s rock solid fundamental outlook.  However, it will have to wait until the article’s end, given how many other, extremely important topics I need to address.  Starting with, the lunacy of what historic market manipulation has caused; i.e., “dotcom valuations in a Great Depression Era.”  Which ironically, stair-stepped exponentially higher after Election Da
Wednesday, July 19, 2017
Sprott Money
  The Government Is Desperate To Re-Stimulate Housing Sales - Dave Kranzler
The Fed printed $2.5 trillion to prop up the mortgage market and the Government “refurbished” all of the mortgage programs it sponsors (Fannie Mae, Freddie Mac, FHA, VHA, USDA) in a way that positioned the Government/taxpayer as the new subprime lender of choice. The two programs combined inflated a new housing bubble – one that ended up fueling housing price inflation more than sales volume. The FHA program was the first program to replace the collapsed subprime mortgage lenders of t
Wednesday, June 7, 2017
Graham Summer - Gains Pains & Capital
Relax, There Is No Housing Bubble
Visit Full Archives At The Entry Points Three heavy hitters in real estate – Darius Bozorgi, Veros CEO, Mike Fratantoni, Mortgage Bankers Association chief economist, and Douglas Duncan, Fannie Mae chief economist – all agree, “There is no housing bubble“. These real estate experts are all in agreement, and they believe the relentless house price increases are just from good old steady growth: “housing market progress really will be slow and steady”. And for “proof” of that slow and steady prog
Monday, June 5, 2017
Nathan Lewis - New World Economics
The Process of Urban Change
It seems like people don’t have much of an idea of how cities change. It is mostly done by private individuals (and corporations), for profit, within the regulatory framework of the municipal government. There might be a few public elements, like a convention or sports center, or a library, but these are a small portion of buildings as a whole. Governments are certainly responsible for things like streets (and there has been a lot of talk about redesigning Arterials or adding things like street
Sunday, May 7, 2017
Andy Hoffman - Miles Franklin
Harry Dent Is Right About One Thing!
When I awoke this morning, I debated scripting this week’s second Audioblog – as I have a lot to say, about a great many topics.  However, given that I have as much to show you, as tell you, I decided to write instead.  Thus, today’s article will be a bit longer than usual.  But I assure you, it will be well worth your time. I decided to start with the simplest possible topic, of why Precious Metals have never been more valuable.  After that, the day’s news; culminating in an explanation of toda
Friday, May 5, 2017
Peter Schiff - Euro Pacific Capital
Damn the Deficits, Huge Tax Cuts Ahead!
Donald Trump has made good on one of his most audacious campaign promises by submitting what he describes as the biggest tax cut in U.S. History. For once, at least, this does not appear to be Trumpian braggadocio. It really may be the mother of all tax cuts. But if passed, what may this bunker buster do to the economy? While I have rarely met a tax cut I didn’t like, this one just may be more likely to send the economy into a downward spiral than it is to send up to orbit. As I mentioned in
Friday, April 28, 2017
Andy Hoffman - Miles Franklin
Historic Unsustainability
Yesterday was a tough one, no doubt about it.  Not that many of us didn’t suspect it was coming, given how much ammunition the Cartel has used to first, prevent Precious Metals from breaching their 200-week moving averages; and subsequently, their 5½ year downtrend lines.  That said, despite the past two weeks’ unfathomably blatant paper attacks – such as, last week’s back-to-back $3 billion COMEX gold future “sales” gold is still well above its 200-week moving average of $1,246/by a comfortable
Wednesday, April 26, 2017
James Howard Kunstler
Buy the Dip
The military frolics of spring have distracted the nation’s attention from the economic and financial dynamics that pose the ultimate mortal threat to business as usual. Note the distinction between economic and financial. The first represents real activity in this Land of the Deal: people doing and making. The second, finance, used to be a minor branch — only about five percent — of all the doing in the days of America’s putative bigliest greatitude. The task of finance then was limited and str
Monday, April 17, 2017
Andy Hoffman - Miles Franklin
What Could Possibly Go wrong
It’s been more than three months since the “Dow Jones Propaganda Average” declined more than 1% in a day, and a year since a 5% correction – BrExit, Trump, and all.  According to “soft data” surveys like “consumer sentiment,” Americans have never been more “bullish.”  Moreover, equity valuations are at all-time highs – despite six straight quarters of declining year-over-year earnings; the weakest “hard data” since the 2008 financial crisis; a surging dollar that is destroying America’s competit
Wednesday, February 15, 2017
James Howard Kunstler
  The Deepening Deep State 
Support this website by visiting Jim’s Patreon Page! One amusing angle on the news media broadside about Russia “hacking” the US election is the failure to mention — or even imagine! — that the US incessantly and continually runs propaganda psy-ops against every other country in the world. And I’m not even including the venerable, old, out-in-the-open propaganda organs like Voice of America and Radio Free Europe (reminder: the Iron Curtain came down a quarter century ago). Do you suppose that no
Monday, December 5, 2016
Andy Hoffman - Miles Franklin
How To Win The “War On Gold”
Oh, the tangled web we weave, when we seek to deceive.  And sometimes, when we actually want to help – particularly when referring to vote-seeking politicians. Case in point, OPEC – which yesterday, pulled off the lie to end all lies in pretending to “cut production,” prompting the “oil PPT”-aided “market reaction it sought.  Thus, enabling it to kick the can a few more months – or perhaps, weeks – before the reality of history’s most oversupplied crude oil market inevitably smashes its elaborat
Friday, December 2, 2016
Andy Hoffman - Miles Franklin
Mark This Date-Global War Has Arrived
Last week, I wrote an entire article about lying, invoking the name of history’s most infamous liar, Joseph Goebbels.  Come to think of it, it was the second such article in a month, following September’s “who are worse liars, politicians or Central bankers?” The reason being, that the pace of global economic collapse has accelerated so rapidly (see this morning’s horrific U.S. industrial production report, restaurant performance index, and heavy duty truck orders), that the powers that be’s’ ef
Monday, October 3, 2016
Andy Hoffman - Miles Franklin
Damage Control for a Horse with Two Broken Legs
Do you want to know why the Cartel was so hell bent on capping gold at $1,340/oz on Monday, in perhaps the most PM-bullish news environment imaginable?  You know, when Deutsche Bank was plummeting 9%; the Algiers oil meeting was on the verge of failing; and the stock market was plunging – albeit, by exactly the PPT’s “ultimate limit down” of 1%; ahead of the potentially status quo changing debate that evening?  Let alone yesterday, when DB plunged anew, and the Algiers meeting did in fact fail?
Wednesday, September 28, 2016
Richard Mills - Ahead of the Herd
  Unknown Voluntary Servitude
Here’s a long debated topic. Should we leave the creation of new money in the hands of bankers or place its creation solely with our government? Let’s try and answer it. The Creature from Jekyll Island On the night of November 22, 1910 a delegation of the nation’s leading financiers, led by Senator Nelson Aldrich, left New Jersey for a very secret ten day meeting on Jekyll Island, Georgia. Aldrich had previously led the members of the National Monetary Commission on a two year bankin
Wednesday, August 31, 2016
Andy Hoffman - Miles Franklin
NIRP vs Gold Part 8 – The Most Destructive Monetary Policy of All Time
The fact that this is my eighth “NIRP vs. Gold” article, spanning more than three years time, is all the proof you need that this unprecedentedly deformative policy is here to stay – in Peter Schiff’s words, a “roach motel” where once a Central bank checks in, it can never check out.  Per the table below, replete with links to each of the first seven articles, the first was written in July 2012, mere days before Draghi’s infamous “whatever it takes” speech – when ironically, he vowed to “save” t
Wednesday, August 24, 2016
Sprott Money
Musical Chairs - Jeff Thomas
You’re familiar with the children’s game of musical chairs. Ten children walk around nine chairs whilst listening to music. When the music stops, each must quickly find a chair and sit in it. One child is out of luck and is out of the game. Then a chair is removed and the nine remaining children walk around the eight remaining chairs, waiting for the music to stop again. Economics is a bit like musical chairs. In a recession, the economy takes a hit and there are some casualties. Some players fa
Friday, August 19, 2016
Michael Pento - Delta Global Advisors
Insanity Definition on Full Display
Wells Fargo recently announced a new mortgage product they are calling "A game changer in the industry." According to the bank, this product is purported to facilitate the dream of homeownership to more people by ...wait for it... lowering the down payment and out-of-pocket costs associated with a more conventional mortgage products, while also offering more consumer friendly income and credit guidelines. This new product that those at Wells Fargo have declared "revolutionary" is cal
Friday, June 24, 2016