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“An explosive critique about the investment industry: provocative and well worth reading.”
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Monthly Archives: October 2022
Yields lead housing, unemployment and stocks
The US National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), designed to gauge market conditions, fell to 38 in October from 46 in September, now 50% lower than it was six months ago (below 50 is considered … Continue reading
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Record tightening priced into Treasuries, equities not yet
As shown below, since 1999, courtesy of The Daily Shot, the US 10-year minus 2-year Treasury bond yield spread at -.52 last week was the most negative since the onset of the 2001-02 and 2007-09 US recessions. An imminent recession … Continue reading
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Marketplace looks at Canadian mortgage fraud
Easy credit and speculative frenzy enabled an extended bull market in fraud. As financial liquidity retreats a plethora of reckless and illegal activities are being laid bare. We go undercover to investigate mortgage brokers and real estate agents perpetrating mortgage … Continue reading
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