The Treasury Department is looking to wind down Fannie Mae and Freddie Mac, but without these organizations, there would be few buyers for 30-year fixed rate mortgages in the secondary markets. The 30-year mortgage was created during the Great Depression as part of the New Deal to help revitalize the real estate market. Prices have […]

The Russian opposition politician Boris Nemtsov was shot dead in an assassination. Thousands of people have paid tribute with candles and flowers at the site where he was killed. Nemtsov’s planned opposition march in Moscow for Sunday has now been turned into a memorial rally. President Vladimir Putin has condemned Friday’s killing as “vile and cynical” and vowed […]

  Photo credit: Jonathan Nimerfroh; Instagram: @jdnphotography; Website: www.jdnphotography.com Jonathan Nimerfroh’s amazing photograph of what is being called the “Slurpee Wave” was shot at Nantucket and it has gone viral. So much for Global Warming. I doubt any of us has ever seen the ocean turned into a giant slurpee. That tends to reflect what […]

Within Western culture, the mere concept of economic activity taking the form of cyclical patterns of regularity is often dismissed as if it were a legend of ancient Atlantis or some mystic cult. The majority cling to the idea that economic trends and market movements are completely random occurrences within a constant state of unpredictable […]

  The US share market compared to the DAX is lagging. We can see our Energy models have been declining as we have pressed begrudgingly higher. The Oscillators, more commonly used, are crawling at the highs. While we still see the potential for new highs here in March, the lack of a spike high on […]

  Previously I have warned that the DAX would press higher as the object of capital flight within Europe. The problem we are facing is that the DAX could peak-out with this ECM turning point. If this were to unfold with a high in the DAX to the day of the ECM, this will be […]

One of the lesser know government programs to come out of the 2007-2011 ECM Downturn, is the Home Affordable Refinance Plan (HARP), HARP could still benefit millions of Americans and reduce their monthly payments by as much as $4,264 each year. The banks will not tell you that. The bankers are cheering the ending of […]

The argument that there was a conspiracy between the USA and Saudi Arabia to lower the price of oil to hurt Russia is proving to be a bunch of nonsense.The Saudi-led OPEC decision of Nov. 27, 2014 to maintain output levels and protect its market share is having a profound impact in the oil industry. […]

Well Putin must have figured a way to send the cold Siberian Winds over the top of the globe through Canada and all the way down into Florida where it fell to even 30 degrees in Clearwater. Since man can alter weather by turning on his cars, clearly Putin must have turned every car, truck, […]

While Greece captures the headlines, quietly behind the curtain the European Commission has granted France until 2017 to bring its budget deficit below the EU limit of 3% of GDP. So while everyone has their eye on Greece, Europe’s second largest economy has one of the highest social welfare bills and even less of a […]