Mind Over Market

This 54 minute video was posted May 13 and by early May 18, it had 265,973 hits on YouTube at this link: http://www.youtube.com/watch?v=eb1n1X0Oqdw&feature=player_embedded The video, which features the views of Gerald Celente of Trends Research Institute, warns of a coming era of hyperinflation and the collapse of the dollar if nothing is done to turn around America and return the economy to free market principles and the government to Constitutional principles. Celente predicted the market crash of 2008. Among other things, the video warns about the likelihood of a Comex default on silver based on the possibility that many commodity traders, like J.P. Morgan Chase, are manipulating silver and selling more silver than actually exists presumably in an effort to drive down the price. A Comex default would drive up precious metals prices dramatically. The video also catalogues dramatic increases in food prices already under way. Gerald Celente warns of food riots and tax riots as pri...

Market observers have been quick to agree that Europe can not print its way out of its crisis, in spite of the $1 trillion emergency rescue package announced Monday. The best quote expressing this view comes Jim Rickards, senior managing director for market intelligence at Omnis, Inc., a scientific consulting firm in McLean, Virginia, from his appearance on CNBC. Rickards quote, from the CNBC video above from Monday, May 10 during early morning show Squawk on the Street at 7:23 AM, is as follows: "Look at what Soros did to the Bank of England in 1992. He went after them, they had a finite amount of dollars. He was selling sterling and taking the dollars, and they were buying the sterling and selling the dollars to defend the peg," Ricards said. "All he had to do was sell more than they had and he wins. But he needed real money to do that. You either had to have cash, which he did, or bank lines of credit." "Today, you can break a country. You don't need mon...

With the price of the bailout rising and momentum for reform in Washington slowing, Fannie Mae and Freddie Mac remain vital to the functioning of the mortgage and housing markets. A framework for a new system is beginning to take shape, at the same time that analysts are looking to fully and adequately address flaws in the current system. Mortgage Banking May 2010 By Robert Stowe England A giant question mark hangs over the mortgage finance industry. What is the future of Fannie Mae and Freddie Mac? That is part of a larger question. What is the future of mortgage finance? The two pillars of the mortgage industry that own or guarantee payment on $5 trillion in U.S. mortgages and/or mortgage-backed securities (MBS) failed dramatically at the height of the Panic of 2008 and were placed into conservatorship by the Federal Housing Finance Agency (FHFA). The significance of the failure of the two government-sponsored enterprises (GSEs) has been difficult to fully capture; but however you de...