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On todays show, Jay covers 15 investment ideas for this market. He covers PACE investments (precious metals, agriculture, commodities, and energy), income stocks yielding at least 5%, and some top growth ideas. Whether you are a more conservative or aggressive investor, Jay provides some ideas and strategies to consider.
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Then on the second half of the show, Jay looks at the details of last week’s landmark mortgage settlement – what does this mean for you? He also gives some financial planning tips for the brand new mom. You don’t want to miss today’s show!
Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month.
Read the article…
According to the National Association of Realtors, all-cash buyers accounted for 30% of existing home sales last month. That’s up from 25% in May 2010, and 12% two years ago. If you go back to March of this year, cash buyers made up an astounding 35% of all existing home sales.
Unless you have been asleep for the past several years, you know that the United States housing market is in the midst of a downturn of historic proportions. According to Case-Shiller, one of the leading housing data analysts, housing prices dropped 1.9 percent in the first quarter of 2011, revealing evidence of a clear double-dip in prices. Here are seven shocking facts about the current state of the U.S. housing market.
by Bruce Watson | DailyFinance.com
Where will those who are “left behind” hang their hats?
Follow the Money Weekly radio host Jerry Robinson talks with popular author and financial commentator, Michael J. Panzner regarding the most pressing economic issues. The interview includes Panzner’s outlook on inflation in the U.S., as well as his opinion about precious metals and agriculture. Part 1 Part 2 Listen to the entire radio show, and [...]
Thu Jul 15, 2010 12:01am EDT By Lynn Adler NEW YORK July 15 (Reuters) – Banks repossessed a record number of U.S. homes in the second quarter, but slowed new foreclosure notices to manage distressed properties on the market, real estate data company RealtyTrac said on Thursday. The root problems of job losses and wage [...]
Submitted by Tyler Durden on 07/09/2010 17:02 -0500 | Zerohedge.com As we close on another week replete with ugly economic data and the usual bizarro counterintuitive market, here is a summary of the 50 most underreported facts about the state of the US economy, courtesy of the Coto report. After reading these it almost makes [...]
(Jerry’s Comments: Here it is. The Fed is now threatening to pull out the big guns. Among the strategies on the table, to offer “exceptionally low” for an “extended period,” and a major new asset-purchase program. I have bolded important statements in the story below.) Federal Reserve weighs steps to offset slowdown in economic recovery [...]
A booming ‘shadow inventory’ in the housing market is almost certain to bring another wave of falling prices and another round of Federal Reserve stimulus. By Bill Fleckenstein MSN Money Economic and financial problems are now garnering more attention as the “Goldilocks” viewpoint that prevailed earlier this year has disappeared — which isn’t surprising, as [...]
By: Reported by Steve Liesman, written by Michelle Lodge For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg. According to the Congressional Budget Office, the losses could balloon to $400 billion. And [...]
Jerry’s Comments: The housing market continues to go down due to a wide variety of factors. As we have predicted, the housing picture will not improve markedly until after 2012. This is due to the new waves of foreclosures and defaults thanks to the many Option Arm and Alt-A loans that were issued over the [...]
By Lorraine Woellert and John Gittelsohn June 14 (Bloomberg) — The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American [...]
CLICK HERE TO LISTEN NOW Time to Buy the Euro?: On this week’s program, Jerry Robinson provides his insights concerning the U.S. National Debt, the price of gold, along with an in-depth look at the other important headlines of the week. Our special guest interview is with Tim W. Wood, CPA (Cycles News and Views [...]
By Lynn Adler NEW YORK May 13 (Reuters) – U.S. foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday. No meaningful improvement is likely this year, however, with mortgage modifications and high [...]
