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The low rates were not enough to boost mortgage volumes: applications to refinance a loan fell a seasonally adjusted 3 percent on the week, and are down nearly 57 percent on the year, according to the mortgage bankers survey. Applications … Continue reading →

I guess you do have to hand it to those bankers; maybe they are brilliant after all. They wagered that if they could keep pumping up the stock market long enough via QE and creative accounting manoeuvres, the little guys … Continue reading →

So here’s a novel idea. If you can’t find enough people who can afford a new car, ‘sell’ cars to those who can’t afford them with record monthly payments over 5 to 7 years! True this allows the auto makers … Continue reading →