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The Hammer

The Hammer
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  • Second Leg of Home Price Declines Is Afoot [View article]
    Keith, Thanks for the fantastic articles.
    what's your thoughts on the new aggressive--low downpayment FHA ponzi loans hitting the markets?
    I have seen a few already in action not in low income areas but mid to high end territory for houses that cost $500K.

    These political crooks thumb their nose at the public and get away with it cuz J6Pack are a bunch of zombies who do not have a clue the name of their representative in congress.

    I have heard some LIC condos going FHA.

    As long as the FHA can get away with this fraud they can prop up houses.How long can this ponzi scam continue?

    Also GMAC/Americredit are busy campers writing new auto ponzi loans backstopped by the taxsuckers.
    It is criminal activity happening before our eyes.
    Dec 3 11:17 AM | 1 Like Like |Link to Comment
  • Mortgage Refinancing Numbers Sharply Down From Last Week [View article]
    Does the FHA publish how many phony low downpayment ponzi loans they wrote last month?
    Dec 2 07:23 PM | 2 Likes Like |Link to Comment
  • Key Market-Based Indicators Point to More Growth and Higher Inflation [View article]
    Another proxy to look at is the Current Number of sub-prime low downpayment FHA Mortgages the govt underwrites and how many GMAC-americredit low downpayment sub-prime auto loans the govt underwrites too. The govt backstopped ponzi loans continue to flow via FHA /GMAC even after the massive losses and continual losses at Fannie and Freddie and NOBODY gives a damn until it bursts again. All the signs are pointing eventually to a dollar crisis and failed treasury when finally recognized by the global players.
    Everything is just fine and dandy.
    Dec 2 04:32 PM | 5 Likes Like |Link to Comment
  • Stocks Rally, But Employment Numbers Are Disappointing [View article]
    Bernake has succeeded short term in building some phony momentum into the economy by his pump of the stock market and by the govt involvement of subprime loans via FHA and auto loans via GMAC---Americredit. More of the same phony cheap money buying up assets at still inflated prices. People are feeling a bit better seeing their 401k accounts comeback from the abyss but i hope they do not get to comfortable. Unfortnately, the world has changed the last few years and the US does not have the same influence and control of the world. The day Bernanke is held to account for his reckless money binging is coming. As it is, he is monetizing recently issued treasury securities cuz we can;t cover our deficits......failed auction, but it is overlooked right now since europe is a basketcase BUT when the PIGS all fall we will have a bullseye on our backs so do not get to complacent believing that everything is just great.

    This lunatic Bernanke did not solve any of our problems. There remains a lack of quality benefit paying jobs, lack of income growth, lack of mfg industries, reliance on consumption and retail and enormous debtloads at the Fed state finance and consumer level.
    This feels alot like the tech bubble and the housing bubble when people were in complacent and would not recognize the fundamentals really stink. They just want to believe everythig is OK now and we can get back to the Old normal spend and debt binging.
    Dec 1 04:26 PM | 4 Likes Like |Link to Comment
  • Home prices are taking a double-dip and may "bounce along the bottom" for a while, but never fear - the government may be starting another housing bubble. Most federal high-risk mortgages have been quietly shifted to the FHA - which just announced its intention to push nearly half its home purchase volume into subprime territory by 2014-2017, essentially a guarantee to put taxpayers at risk again.  [View news story]
    It's true the sleezeballs are pumping very little down loans. I have seen two recently one is a $484K house with a $478k LOAN!!!
    what's that? 1.5% down! How do these scumbags keep getting away with this fraud?
    Nov 30 06:56 PM | 15 Likes Like |Link to Comment
  • Three Food Processor Stocks That Might Appeal to Buyout Investors [View article]
    you seem to leave out the most important factor in p/e investors ev/cashflow. where is this metric?
    Nov 30 03:07 PM | Likes Like |Link to Comment
  • Timid Tuesday: Is it Safe? [View article]
    And Obama freezes fed govt salaries? wow thanks he said it will save billions in a few years????? LOL!
    we are toast when europe pigs finally fall then the Bullseye is on our backs. Pushing the Electronic printing press will soon not save the day.
    Nov 30 12:23 PM | 1 Like Like |Link to Comment
  • LIES ACROSS AMERICA [View instapost]
    great stuff jimmy. The hammer household has made it a lifestyle to not squander assets and is already prepared to live lower if need be.
    Nov 29 11:57 AM | 5 Likes Like |Link to Comment
  • In a Black Mood About Black Friday [View article]
    Come on get with it. Spend spend spend debt debt debt. It's your duty as a citizen. lol!
    The only time we will get a real fix with this economy and financial system is when the next big crisis hits. After the euro countries implode then targets are on the US. Face it we a done. Noone in govt has the fortitude to make the tough decisions. It will be forced upon all the sheeple who are zombies.
    I have seen a number of homes sold for little money down backed by fha loans. The FHA is the new cookie jar to prop up house prices. When food and energy prices spike to the breaking point joe sheeple will not know what hitt'em.
    Nov 26 10:45 AM | 3 Likes Like |Link to Comment
  • Back to Our Regularly Scheduled Housing Crash [View article]
    2c is right. So based on this houses are about 25% overpriced. I have been thinking something like 20% downside to get down to Fair value. The rehores will sell you on the monthly payments but bring up higher mtg rates and they dodge the question. A bunch of hucksters.
    Nov 26 09:23 AM | 3 Likes Like |Link to Comment
  • Air Traffic Rises Above Pre-Recession Levels [View article]
    And Bulls believe the current economic situation is typical. It is not. 360% total debt to gdp is NOT typical. As a matter of fact it has never happend before.
    Nov 25 08:28 PM | Likes Like |Link to Comment
  • Back to Our Regularly Scheduled Housing Crash [View article]
    I highly doubt those 1975 Home prices and income. Actually I think they are way to high! please check those numbers they are WRONG!
    Nov 25 08:14 PM | 4 Likes Like |Link to Comment
  • Air Traffic Rises Above Pre-Recession Levels [View article]
    Maybe if you got your pinkslip and sat in a bread line u may open your mind to the fact that the US standard of living is falling for the Private workers. i know pampered profs like u sit up on your thrones with your lucrative comp plans and benefits, but most of us face the wrath of global competition. You have no idea what competition is all about.
    Yes the world is growing, but the USA middle class private worker is not enjoying any of the benefits.
    Nov 25 11:02 AM | 2 Likes Like |Link to Comment
  • Back to Our Regularly Scheduled Housing Crash [View article]
    Goldi-Locks, Risk On risk off, Quantitative easing, Green shoots +++.................

    some very creative people have thought up these terms to influence public sentiment. Yes it does happen in USA--Propaganda.
    Nov 25 10:56 AM | 5 Likes Like |Link to Comment
  • Back to Our Regularly Scheduled Housing Crash [View article]
    Agreed politicians are self serving HOWEVER it has gone to another level the last 2 decades with the likes of Bwarney Fwank and a few other sleeze controlling major committees and politices.. Unfortunately the US has never had 360% total debt to gdp before.
    Nov 25 10:47 AM | 6 Likes Like |Link to Comment
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