The foreclosure crisis is far from over, according to RealtyTrac's Rick Sharga. The company will release its year-end report on Thursday showing foreclosures rose 20% over the previous year: “We are setting new records almost every day…the problem is getting worse…we are in the second wave of a three wave foreclosure cycle.”
Also re commercial realty and next wave of bank losses see: As Buildings Empty, Banks' Credit Woes Pile Up.
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Cory’s Chart Corner
Load MoreMany will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Excellent article on how the Fed monetizes debt.
http://seekingalpha.com/article/158330-how-the-federal-reserve-is-monetizing-debt