Mortgage defaults; foreclosures, and falling real estate creating a financial fireball that can create bank failures and meltdown of the financial system
Fred Day
Jul. 2, 2007

Now slowly we are getting the details of the Bear Stern’s sub prime mortgage debacle. They are not the only one. This is just the tip of the iceberg. Mortgage frauds have spread all over the country. The mortgages are suing their mortgage bankers, brokers, and even the financial institutions holding their mortgage.

The financial fireball is bigger that any one can imagine. It will take the stock market, the corporate bond market, and the real estate market with it. The huge Federal budget deficit and trade deficit and almost defunct Social Security Funds will not allow the Fed to resume this time.

The bank will start failing by early 2008. This will be followed by massive layoffs in financial services industry. The biggest problem will be in the investment banking. The liquidity will disappear. The M&A infrastructure will collapse. The dot com debacle will look minuscule.

The stock market has sensed the trouble. The top is in place. The interest rate market has started smelling interest cuts by the Fed.

ISM manufacturing index stagnates – what is the effect on economy, stocks and bonds?
Bernie Snyder
The conomy is stagnating with high inflation from Asian emergence of prosperity. Commodity inflation and Asian wage inflation are the root cause of the stagflation. Stagflation lowers the standards of common hard working people – the middle class.
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Rising home resales pending point to a collapsing residential real estate market – how do you protect your equity in your home?
Marla Guthrie
. You should challenge both because as the valuation of your property comes down, you should pay lower taxes. Take that tax savings and pay some part of your mortgage to increase your equity.
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Collapsing factory orders manifest stagnation in economy fast deteriorating to recession – what are the effect on bonds and stocks?
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The factory orders number really shocked the financial world. This is another indication that the economy is stagnating and possibly headed right into deep recession.
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Mortgage defaults; foreclosures, and falling real estate creating a financial fireball that can create bank failures and meltdown of the financial system
Fred Day
It will take the stock market, the corporate bond market and the real estate market with it. The huge Federal budget deficit and trade deficit and almost defunct Social Security Funds will not allow the Fed to resume this time.
READ MORE>>

The stagflation making gold ready for a solid bull run along with oil – should you sell the bonds?
Joe Weinman
Analytics, fundamentals, and technical charts point to the increase in the longer end of the yield spectrum and lower short-term rates. That means you should sell your bonds with two or more years left in maturity and but short-term notes and bill.
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Oil, sugar, cocoa, and cotton options spread can make your Roth and traditional IRA returns exceed 100% a year
Peter Oberois
Crude oil, sugar, cocoa, and cotton futures are in raging bull markets. The deep in the money call spreads or an arbitrage position of long the future and way out of money put and short a deep in the money call option can provide handsome profit.
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Oil and big corporation money funding Hillary – Obama relies on common middle class- the war is here between rich and middle class in America
Sonia Joshi
This time Hillary is their choice. She will provide the left wing version of the continuity from George Bush. Under Hillary Clinton the status quo of the big money will be intact as it did under Bill Clinton and George Bush.
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