All Posts Tagged With: "fannie mae"

Mr. Bernanke is fiddling the levers again, promising to keep rates lower than a sea snake’s belly until 2014. America’s #1 central banker may well be highly intelligent…but that does not preclude him from also being a dunce.

The theories about economics and markets developed in the last 100 years are almost all nonsense. Markets are not perfect. They do not reflect the actual value of things. There’s no way of knowing what the actual value is. Instead, markets are always discovering value – in fits and starts – imperfectly. They reflect reality and fantasy…the future and the past…math and muddle.

Reading more closely, we don’t see much reason for the Fed’s optimism. And apparently, neither does the Fed. It is leaving its monetary stimulus program in place for an “extended period.”

Instead of letting the dead die in peace…the feds are pumping financial adrenaline into their veins…turning them into zombies.

The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. And there was no one in the nation I wanted more than Andy to address the critical topic of real estate.

Here is a quick answer: no. We’re still a long way from gold’s ultimate destination. Our ‘Trade of the Decade’ was to buy gold on dips and sell stocks on rallies.

“Unbridled short selling is contributing to the recent, sudden price declines in the securities of financial institutions, unrelated to true price valuation,” said SEC chairman Christopher Cox…

“Public assistance enables the world’s largest 15 financial firms to return to the capitalization they had in September 2008,” the article continues. The largest of the largest, HSBC, is now judged to be worth $186 billion, according to the stock market.