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Several actually
http://drmss.com/newsletters-blog/index.php
I used the search this time, I don't think it's been posted.
Couple of points of interst - there's been an un-publicized bailout attempt (noted by JK before and Metalman too, I see ...)
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However, this was actually the third bailout/remedy by the government. There were already two past bailouts that were simply not well publicized and are the ones to which you should be paying attention because they involve vast gobs of public money.
The first was this eye-popping ‘advance’ by the Federal Home Loan Bank system (FHLB) to the overall mortgage market in October:
NEW YORK (Fortune) -- As the credit crunch hit hard in the third quarter, most banks were forced to cut back their lending. But one group of banks increased lending by an incredible $182 billion ....
The lenders in question were the 12 Federal Home Loan Banks, set up under a government charter during the Great Depression to provide support to the housing market by advancing funds to over 8000 member banks that make mortgages. In the third quarter, loans to member banks, also called 'advances," totaled $822 billion, a 28% leap from $640 billion at the end of June.
This is a staggering amount of mortgage buying activity. Where did this $182 billion come from? Did the
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but I'm cautious about this (in the 2nd article)
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If you do not already own gold &/or silver your time is running out. My best guess would be that once the world’s paper markets implode the price of gold and silver will skyrocke
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I agree BUT keep the flip side in mind too - PMs have risen at the same time as this last stretch of the credit bubble. This same credit bubble that lifted the price of almost EVERYTHING.
Marc Faber points out that the mirror image of the inflating bubble, its collapse, might take everything down .
Signing off for now - happy solstice.
http://drmss.com/newsletters-blog/index.php
I used the search this time, I don't think it's been posted.
Couple of points of interst - there's been an un-publicized bailout attempt (noted by JK before and Metalman too, I see ...)
>>>>
However, this was actually the third bailout/remedy by the government. There were already two past bailouts that were simply not well publicized and are the ones to which you should be paying attention because they involve vast gobs of public money.
The first was this eye-popping ‘advance’ by the Federal Home Loan Bank system (FHLB) to the overall mortgage market in October:
NEW YORK (Fortune) -- As the credit crunch hit hard in the third quarter, most banks were forced to cut back their lending. But one group of banks increased lending by an incredible $182 billion ....
The lenders in question were the 12 Federal Home Loan Banks, set up under a government charter during the Great Depression to provide support to the housing market by advancing funds to over 8000 member banks that make mortgages. In the third quarter, loans to member banks, also called 'advances," totaled $822 billion, a 28% leap from $640 billion at the end of June.
This is a staggering amount of mortgage buying activity. Where did this $182 billion come from? Did the
<<<<<
but I'm cautious about this (in the 2nd article)
<<
If you do not already own gold &/or silver your time is running out. My best guess would be that once the world’s paper markets implode the price of gold and silver will skyrocke
<<<<<
I agree BUT keep the flip side in mind too - PMs have risen at the same time as this last stretch of the credit bubble. This same credit bubble that lifted the price of almost EVERYTHING.
Marc Faber points out that the mirror image of the inflating bubble, its collapse, might take everything down .
Signing off for now - happy solstice.
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