Inflation is Coming…Where Should You Invest? Part II
On Saturday, we started exploring the notion that inflation is coming. When considering that inflation and deflation are solely monetary terms, it seems obvious that inflation is coming as the government is dropping rates and printing money which will ultimately increase the money supply. Another reason that inflation is coming is the fact the the [...]
Finance and Insurance as Powerful Forces in Our Economy and Society – Yale, ECON 252, 1.1
This is synopsis two of two from lecture one of Dr. Shiller’s Yale ECON 252 course: Financial Markets. Go to the ECON 252 link to access all synopses to this point. Dr. Shiller introduced the Teaching Assistants and course syllabus during the initial lecture. He has been teaching the course for over 20 years and [...]
Mortgage Rate Predictions – January 29th
In our eyes, making mortgage rate predictions this week is going to be extremely difficult. The mortgage market has shown that there was a needed bounce back over 5% in the 30 Year Fixed Rate, but now where do we go. Our current predictions are as follows: 30 Yr Fixed Rate – 5.17% – Not [...]
Dr. Robert Shiller – Financial Markets, Yale Course Synopsis on Subrime Blogger
We at Subprime Blogger realize that most of our readers do not have a great deal of discretionary time. That is why we try to provide financial news and information in a condensed form. We also know that you want this information to be accurate and valid. One of the greatest economists of our time [...]
Inflation is Coming…Where Should You Invest? Part I
Inflation is a term you rarely hear in the news today. Actually, the polar opposite is what is currently being discussed: deflation. Since 2001, the United States has seen a rise in the price of goods and services and especially commodities like oil, gold and copper. When the global financial panic of 2008 struck, every [...]
The TARP Song
“I want some TARP; they are giving away money for free”
1. Jackson Pays Off Debt, 2. Severe Depression, 3. Ten Fold Increase in National Debt
Be careful what you wish for! Andrew Jackson was the only president in our history to eliminate the national debt while in office. In turn, this caused a severe depression from 1837 to 1844, then a subsequent ten fold increase in the national debt. Maybe we shouldn’t beg for the national debt to be elimated….just [...]
Who Pays $87,784 For An Area Rug?!? Merrill Lynch CEO John Thain
So Merrill Lynch was driven into the ground last year but CEO John Thain spent $1.22 Million on his office including Area Rug – $87,784 Pedestal Table – $25,713 Curtains – $28,091 Commode on Legs – $35,115 How do you explain these items on the expense section of your operating statement? Oh yeah, as another [...]
Subprime Blogger Correctly Predicts Bounce Back Over 5% in 30 Yr. Fixed Mortgage
At Subprime Blogger, we correctly predicted a bounce in the 30 year fixed rate mortgage; a bounce back over 5%. Many market mavens were saying that rates were in a free fall, but we disagreed as stated in our weekly mortgage rate predictions. Actual figures are: 30 Yr Fixed Rate – 5.12% vs. 5.06% predicted [...]
Toll Bros is REALLY Offering 3.99% on a 30 Yr Fixed Mortgage
On January 21st, 2009, Toll Brothers released a report stating that they are going to offer a 30 year fixed rate mortgage for 3.99%. The loan is only available for loans of $417,000 of less. To make the offer even better, it offers no points to the buyer. The quote by Toll Bros Mortgage, Inc [...]
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