Forget the fiscal name calling, if regular people can’t get loan/refinance rates similar to what the Big Banks get their money for we will have nothing but more defaults and housing problems because of Banker GREED!

http://www.madhedgefundtrader.com/the-real-estate-market-in-2030-4/

Unless, of course, along with amnesty, the government attaches a no money down, interest free mortgage, to all those newly minted “green cards” that they plan to hand out. It would not surprise me at all if they implemented such a program. Our entire economy is now policy driven.

http://www.federalreserve.gov/newsevents/speech/duke20130509a.htm

this is partially why I want to be an economist when I’m older. I will cut through this bullsh** to my best ability

That is why Americans are now being held as rate prisoners by these Big Banks!

http://i.imgur.com/MdytGCe.png

Normally the Fed is kept in check by the other Central Banks, but now with most of the Big Central Banks playing along with the Fed, the only people making money beside the Ultra Wealthy are the printers at the Treasury.

When the bottom falls out of our global economy, these Central Bankers are now all hoping it will be a soft landing instead of a crash but either way they all have golden parachutes, so they will survive, unlike many that have been trusting them to do the right thing.

No surprise, who can afford to build new houses except for the very rich. As the wealth that once belonged to the Middle Class becomes ever more absorbed by the Ultra Wealthy, there will be less able to buy a new home (or even an older home).

This is the new economic reality in America, as home ownership becomes just as rare as winning the lottery!

But, of course, with the Central Banks on a low rate crusade, …”

====
WHAT LOW RATE CRUSADE, MORE LIKE A RATE RIPOFF

This says it all, the Central Banks are enabling the BIG Banks (by providing them paper money at almost zero interest) to keep interest rates high for all borrowers that are lucky enough to be able to qualify for a loan these days which includes Seniors on a fixed income who cannot now refinance their home mortgages, even if they have a perfect track record of payments!

THE MONETARY FIX IS IN, THANKS TO THE CENTRAL BANKS
and the borrowers are helpless to get the CHANGE they need!

Never mentioned is slightly increasing the taxes on the Ultra Wealty or the every increasing cost of our Military, DHS and funding the Wars we are losing (including the one on Drugs) which together make up the majority of the US budget*!

Why are you not looking at the big picture, instead of just one tiny component to the 2013 (and beyond) budget?

* Note: Social Security + Medicare, + Medicaid COMBINED ARE ONLY 6% of the 2013 Recommended Discretionary Spending, while the DHS budget is now a bit less than 4.5 % and the Military budget is OVER 60% (and that does not add in all the secret or “Black” programs)!

http://www.OneMinuteForPeace.org

Also, when we get a recession in the future the effect on the total budget will be worse because the mandatory side is going to blow up after 2020.. so for 30 years we need to be recession proof

Only a bond market massacre will ever force discipline on us

Dividend chasers in Australia are playing a dangerous game. They are seeking 1 – 2 % more annual interest income while risking up to 10 % capital loss if their timing is wrong. Credit growth is weak compared to pre-2008 levels.

Japanese Bond Yields continue to rise against the wishes of the Japanese central bankers (average yield is now approaching 1 %) — the next possible step in the crisis is a rising Yen (if that starts happening, then the Japanese central bank politburo will push the accelerator even harder ……… as they head towards the cliff of economic disaster). At the same time, if the average yield on the Bonds approaches 2 %, watch out.

We now live in a centrally planned world and will have to suffer the consequences (whatever they will be). There are no free markets anymore. 512 interest rate cuts on the planet haven’t worked ……….. so, according to Krugman, we need more (!!). Maybe a 1,000 will work (???). Madness.

Our Dividend yielding companies are trading at very high multiples. Retirees “searching” for yield. Whilst very old people earn nothing on their savings and are eating capital. Having their spending predominantly in essentials that are rising faster than headline inflation (They don’t buy imported electronics!) They are flat broke or close to it.

I personally think a shift into cash from equities is the order of the day. There will be capital rationing very soon. Deflation not tot far away. The world just has too much spare capacity due to technology and industrialisation of the East. I never have been a gold bug, but with Australian miners going broke and shutting down at the current price, the current price is supported. A mix of cash for day to day living and gold for wealth preservation might be in order. Long safes.

I honestly don’t know how the Government (Too much partisan infighting) nor the Central Banks (Their theories have failed) will pull this off, so I am despondent on the outcome.

I believe that the Financial FIX is in, the Central Banks are now using this and other techniques for their own benefit and not the public’s the public’s (because ordinary investors are not allowed to do naked short trades) who have no control over those that control their money supply or its value.

Now despite the gaming of the PM markets, i.e. selling naked shorts which only the Ultra Wealthy leadership partners can do, most small investors still believe that in the long run, PM’s offer a level of confidence that paper money can never hope to provide!

We are seeing a continued attack on PM prices but I predict that PM prices will not “plunge” from their current value, since those holding actual PM’s will not fall for the same trick by the Central Bankers and their Partners (of selling paper backed naked shorts) twice.

I believe that in the very near future, “Coin of the Realm” will no longer be considered paper money, especially since everyone knows that money does not grow on trees yet the very paper it is printed on is made from trees!

For me THE KEY INDICATOR is the backlog in actually taking possession of PM’s once they are paid for, the longer delay, the less any “paper” drop in the price of PM’s matters to those that want to hold PM’s for the future!

Big Banks are getting money from the Fed at almost ZERO interest and are only paying their depositors a fraction of one percent for the use of their money; so why are these same Banks bragging about adding ONLY 3+% on top of that and calling that a great deal for borrowers?

This is a Bankers Scam (B$) and it is preventing the financial recovery of our Country!

One would think that a trend would be something noticeable by the Fed, but when you’re using The Weirding Ways like young Paul Atreides as he morphs into a giant sandworm, well, you’ve maybe got bigger things on your mind.

*To be fair, I don’t think Bernanke is Muad-Dib. He’s more like Baron Harkonnen. Except with fewer Marxian pustules.