Looks like the recession is baked in at this point!

I am a big follower of ECRI and I find their stuff right on much more often then most prognosticators.

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FL Mortgage rates look to end the week just off recent record lows

Looks like the stock surge this week as expected is causing a sell off in the MBS market and thus causing a back up in mortgage rates.  They are still close to record lows but if the stock market starts and end of the year ramp job we may have seen the lows for mortgage rates in the short term.

florida mortgage market chart

Mortgage rates heading higher?

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Gold tops $1900 again, after strong but brief pullback

Gold is on the march higher again.  What can stop this run?  I tend to see only a stronger dollar as the key towards stopping this huge run we have witnessed this year.  Why is my mortgage blog so focused on this historic Gold Run?  It is because I have been a strong advocate of the yellow metal for so long and now it is like watching a giant train wreck in front of our eyes play out each and every day.  As nation after nation debased their currencies the purchasing power of those without hard assets like Gold are suffering.

Gold runs past $1900 again

Gold runs higher

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Gold in a new breakout on Deficit agreement breakdown this week

This week we saw another leg up in the Gold Market as the yellow metal broke above and settled the week comfortably above the $1,600 per ounce mark.  It ended the week very strongly as the clowns in Washington continued to look like they would rather see the country default on its obligation rather than stop the imminent downgrade of our US Government Debt.  Even if we get an agreement, the Us dollar will continue to fall and Gold will continue to represent the greatest opportunity to protect us from the goings on in our nations capitol.

Gold market soars higher

another record price for Gold

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FL Mortgage 10 Year Bond Rate Update 7.8.11

Looking at the back up in rates this week one would normally ask is the recent rate rally over? I think that we are going to see lower rates from here based on continued weakness in the economy. Friday’s employment report from the BLS was a train wreck! If the budget deal gets done this week, stocks should soar but I am not sure even a rising stock market will keep bonds from heading higher and rates lower.

Rate rally hits the pause button

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Jim Rogers in Latest BBC interview part 2

Part 2 Jim talks about demise of US Dollar and lack of possibility of paying off our debt.

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Jim Rogers in Latest BBC interview part 1

Part 1 is a focus on Asia and Farming.

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Gold Chart Looks Much Better Than Silver after massive early May selloffs

I am feeling very good about Gold Here.

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Original Keynes vs Hayek version 1 rap

I thought I should post the first video in the series since everyone loved the most recent version.

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Here is a great new video rap about the age old argument of Keynes vs Hayek

This is the second video in the series.

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