Expensive mortgage loans are pushing more Americans out of the housing market. According to the latest data from the National Association of Realtors, pending home sales in April plunged by 6.3% — far worse than the expected 1% decline — marking the lowest index reading in nearly a year at 71.3. This steep drop coincides…
The monster, Zirpenstein, has continued to grow. The headline that is the most significant and is the greatest fundamental (mentioned in “Technicals Inform the Fundamentals: QE4ever?”) is not mentioned by the financial pundits – WE ARE IN THE ERA OF THE CENTRAL BANK AS CENTRAL PLANNER! (read more in “Don’t Be So Pretendtious!”) Japan has…
A great man, Father Kinoti, once explained that “often people rail against something because they sense its innate evil. They might not be able to articulate or fully discern what the slight is, but their heart informs them.” Central banker, Mario Draghi (i.e., the Master of the European Universe) got what was coming to him. In my…
When the division of labour has been once thoroughly established, it is but a very small part of a man’s wants which the produce of his own labour can supply. He supplies the far greater part of them by exchanging that surplus part of the produce of his own labour, which is over and above…
