Housing
“No Halting the Market’s Avalanche,” reads a headline in the Boston Globe. In the last year, the world stock markets have turned from business as usual into what the Motley Fool recently called “the stock market week from hell.” Despite the fact that the economy is top news right now, ...read more
Buy Land Before the Developers Do
Aug 21st, 2008 | By Chris Mayer | Category: Housing, Investing Strategies
“All a man has to do to get rich in America is find out where people are going, get there first and buy land.”
— Gen. Douglas MacArthur
Bob Hope, the great American comedian and Hollywood star, was actually born in England. He once quipped, “I left England at the age of ...read more
Indicators of a Falling Market
Jul 17th, 2008 | By Penny Sleuth Contributor | Category: Energy, Housing, Investing Strategies, Macroeconomics
As I wrote last week, it’s pretty clear times are tough right now. With three quarters of the population thinking we’re already in a recession and the market sinking by the day, I don’t think there’s any more debating as to whether or not we’re in bear market territory.
So the ...read more
The Solution for Two Million Homeowners
Mar 17th, 2008 | By Jim Nelson | Category: Housing, Penny stocks
Bankrupt investors leapt from buildings. Frantic communities caused bank runs. Many poor souls lost themselves at the bottom of an illegal bottle of booze… It was Oct. 29, 1929 — the day of the worst stock market crash in our nation’s history.
Mass confusion ensued, and a worldwide, decade-long Depression emerged. ...read more
Water Infrastructure During the Recession
Mar 6th, 2008 | By Chris Mayer | Category: Commodities, Housing
After World War II, there was a worldwide shortage of metal. What metal there was first went toward rebuilding industrial capacity. The big firms used it to refit or rebuild their factories. Water pipes were not high on the priority list.
Before the war, water pipes were usually over-engineered. That is, ...read more
The Market is Severely Undervaluing Natural Gas
Feb 25th, 2008 | By Chris Mayer | Category: Commodities, Energy, Housing
The commodity market is no different than an old fish market. When the fishermen have a lot of salmon sitting on ice, they drop the price to get rid of it. During the warm winter of 2008, a lot of natural gas is “sitting on ice,” which means its price ...read more
The Housing, Oil, and Chinese 2008 Forecast
Feb 5th, 2008 | By Byron King | Category: Commodities, Housing, International
2007 is over and 2008 is already off to a volatile start. It is time to look ahead to what the rest of the year has in store for investors. As many forecasters and prognosticators have been doing for the past month or so, I will now attempt to look ...read more
Heroes and Super Villains Rarely Play Nice for Long
Jan 4th, 2008 | By Christopher Hancock | Category: Housing, International, Macroeconomics
“Don’t be one of those people who go through life pretending not to know what they know… Don’t waste time wishing the world is different than it is… Don’t expect people to be something they can’t.”
— Richard Russo
Hillary, Mitt, Barack or Mike… Who’s to say?
Americans turned to the Hawkeye State ...read more
As the World Turns
Dec 21st, 2007 | By Christopher Hancock | Category: Housing
“I do not doubt that a low U.S. federal funds rate in response to the dot-com crash, and especially the 1% rate set in mid-2003 to counter potential deflation, lowered interest rates on adjustable-rate mortgages (ARMs) and may have contributed to the rise in U.S. home prices.”
— Alan Greenspan
Morgan Stanley ...read more
Investing in European Banks
Nov 30th, 2007 | By Christopher Hancock | Category: Housing, International
Noah Rosenblatt of UrbanDigs.com reports that roughly $355 billion of subprime, alt-A, prime and Fannie/Freddie-backed loans are due to reset in 2008:
Our colleague, Dan Denning, reports that a majority of these ARMs due to reset held initial rates that ranged from 6-9%. This represents subprime territory. And the folks ...read more
