I’m a Loan Officer for one of the larger retail lenders. Here’s an overview of how the Fed gone and f*cked over mortgage lenders.

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by HowGreatAreYourDanes Credit for the content below should go to Barry Habib of MBS Highway. THE CORONAVIRUS MELTDOWN The current coronavirus crisis is having a critical impact on the mortgage industry, which could potentially make the 2008 financial crisis pale in comparison. The pressing issue centers around capital that’s required by Mortgage Lenders to be … Read more

This is a fascinating story that’s likely to fuel market volatility and screw up valuations for a while.

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This is a fascinating story that’s likely to fuel market volatility and screw up valuations for a while.@YahooFinance Morning Brief has explored this in recent weeks: https://t.co/PxQHCJuMaJhttps://t.co/V2hKQldqMuhttps://t.co/X6V2ongXn8 https://t.co/lcGT1M8yWT — Sam Ro 📈 (@SamRo) March 30, 2020 The best #recession indicator did it again… https://t.co/I0sxCwlbbc pic.twitter.com/VxfiKyYf3v — jeroen blokland (@jsblokland) March 30, 2020 The 2020 $SPY … Read more

Prediction: when the coronavirus lockdowns end, people are going to realize that we’re in a depression & their jobs/businesses aren’t coming back

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Prediction: when the coronavirus lockdowns end, people are going to realize that we're in a depression & their jobs/businesses aren't coming back (b/c The Everything Bubble has burst). We're going to have mass protests & riots that will put Occupy Wall Street in 2011 to shame. — Jesse Colombo (@TheBubbleBubble) March 29, 2020 Over the … Read more

Why is paying tax later better than now?

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by MemoryOfThatDay “The archetypal wonderful company—think See’s Candies—grows with minimal incremental reinvestment, compounding the intrinsic value at a high rate while paying out most earnings. Provided that the business continues to earn returns in excess of the required rate of return and sustain its competitive advantage, investors are rewarded for holding wonderful companies for long … Read more

Stimulus-package tax relief: Withdraw $100K from your IRA

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Thoughts on this? “IRA owners who are adversely affected by the coronavirus pandemic (and there will be plenty of them) will be eligible to take tax-favored coronavirus-related distributions from their IRAs. To keep things simple, let’s call these distributions CVDs. They can add up to as much as $100,000. You can recontribute a CVD back … Read more

Don’t be left holding the bag

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by Global-Quiet I’ve noticed a trend of posts which can basically be reduced to be “it’s bad, so let’s short”. I’d suggest that we should go beyond this type of analysis to not get caught holding the bag. In short, the outright level of “how bad it is” isn’t what drives markets in the long run … Read more

Can Hawai’i Survive?

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by LAXtoHNL After a couple of weeks of trying to determine who will be hit hardest by the beer flu, I now feel that Hawai’i is beyond f*cked. Having been to Hawai’i numerous times, I cannot imagine how Hawai’i recovers. There are virtually no flights going to Hawaii, Hawaiian Airlines is all but grounded, 80-90% of … Read more

Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls… The next financial crisis: A collapse of the mortgage system?

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The Mortgage Bankers Association warned that the housing market could face a ” large-scale disruption,” due to actions by the Fed that were meant to help the mortgage market. The Fed bought $183 billion of purchases last week of mortgage-backed securities, in an effort to drive down rates, and they did. But the Fed’s actions, … Read more

The End of the Euro and the EU

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Economists Predict Potential End of the Euro Due to Coronavirus It is a sad testimony to the inadequate response of the EU to Italy’s plight that after being refused help they turned to Russia for emergency medical equipment. Two economics experts have predicted that the Chinese coronavirus could lead to the end of the euro … Read more

CNN Host SNAPS After Trump Advisor Drops BRUTAL Truth Bombs on Live TV

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https://www.youtube.com/watch?v=Sdn4dsaVj_M Cristina Laila from The Gateway Pundit reports, This is CNN. CNN host Brianna Keilar on Thursday abruptly ended the segment when Trump advisor Peter Navarro blamed China for the virus. CNN doesn’t want to upset the ChiComs. “We all as a country got dealt a bad hand by China,” Navarro said. Brianna Keilar snapped. … Read more

Gov. Andrew Cuomo Admits Stockpile of Thousands of Unused Ventilators

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Cuomo says the ventilators NY has have not been distributed because “the hospitals don’t need them yet.” He says he expects they will be needed when the NY outbreak reaches its apex. pic.twitter.com/yDRBgmvUWd — Brit Hume (@brithume) March 27, 2020 New York Governor Andrew Cuomo acknowledged Friday the state did have a stockpile of unused … Read more

5 Experts Who Predict This Recession Will Be the Next Great Depression

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https://www.youtube.com/watch?v=I0iO9f897Rs The US economy has experienced a unprecedented economic meltdown in the last two months and there is no doubt that the global economic collapse is finally here with us. Unlike the 2008 Great Recession , the current economic crisis looks uglier because it has been triggered by a global health problem. Millions of people … Read more

Hillary Swings and Misses TWICE While Trying to Attack Trump Over CV Crisis

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https://www.youtube.com/watch?v=4By-iUT32ng Nick Arama from Red State reports, Hillary Clinton must be getting antsy in her home because she certainly was concentrating on trying to attack President Donald Trump over the response to the CV on Thursday. First, she tweeted out a picture of nurses allegedly at Mt. Sinai West in New York City allegedly having … Read more

Rashida Tlaib is in PANIC Mode After Realizing She is TOAST in the Next Election

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https://www.youtube.com/watch?v=zJfZpXnNhhU Carmine Sabia from The Western Journal reports, The curtain may be closing for the much-ballyhooed progressive congresswoman from Michigan, Rep. Rashida Tlaib. Unfortunately, the person who could defeat her is also a Democrat, but in a heavily Democratic district, it could be the best we can get. Read More/Source/Credit/FairUse: https://www.westernjournal.com/tlaib-…