zenalgorithm

Three Themes I'm Tracking for Signs of a Reversal

How about the $ of oil?

Calling a Housing Bottom

"Overstating Your Title"

Bear Stearns’ Bailout by the Fed, JPM: A Century Old Conspiracy

The banking industry is the only industry allowed to legally fix prices.....

The banking scandals keep getting bigger. Something needs to be done. Perhaps the 5-20th biggest banks need to be broken up. Also foreign ownership of the banks should be questioned if the FED continues to exist.

Bears Stearns was a corrupt organization - creating and selling CDOs as AAA rated, when in reality only about 10% of the assets in the average CDO being "legitimately" AAA rated. What BS.

28/36- Why House Prices Must Fall

One thing that will really suffer by the decline in housing prices is the taxes cities and counties reap from new home building. In Seattle, one needs $200,000 just to pay for building permits and other various fees, before anything is built. These fees have been skyrocketing this past decade.

Property taxes certainly will drop as well.

Now that there will be a decline in this property tax base, cities are going to start scrambling for new tax revenues.