Wednesday, August 28, 2013

Why house prices are up (for now)

Mortgage rates have just started going up, and everyone knows when mortgage rates go up, house prices go down because people can't afford to buy as much house; however, when mortgage rates start to go up, house prices "head fake" up as people rush to buy a house to "lock-in" their mortgage interest rate before it goes even higher.


Tuesday, August 27, 2013

Sell Facebook

If I owned facebook, I'd sell it now because the insiders are allowed to sell their shares starting in September.

http://www.nypost.com/p/news/business/facebook_vaults_past_U8XGueu870ddMtiTUIpg4L

Sunday, August 18, 2013

Saturday, August 17, 2013

Don't trust the Fed with gold

I knew that the Fed had Germany's gold and was refusing to return it in a timely fasion, but at 2:14 in the video it is revealed that the Fed has been holding Asian countries gold since WWII and has refused to return that as well.