Bear Market


FHA loan guarantees now amount to $1.1 trillion: Upcoming changes to FHA mortgage insurance premiums and the cost of low down payment loans.

March 31, 2013 by · Leave a Comment 

FHA insured loans stepped in to take up a lot of the slack when other low down payment loans exited the market in 2007.  FHA insured loans are still a low down payment option requiring only 3.5 percent down but at least with these loans, some level of due diligence is done when looking at […]

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What Seems So Clear On A Personal Level

March 31, 2013 by · Leave a Comment 

Each of us if left to solve the world’s problems would have the job done in weeks or maybe a few months at most. The trouble is our solutions are not the same as what your neighbor might offer. What we have in Congress are a bunch of “do gooders” who want to solve world hunger and give everyone Democracy. Each solution to a problem creates new problems.

On a world level, providing food for everyone is a noble gesture, with unexpected results. World population would increase as a result and the demand for resources would be taxed even more. Feed the world now, only to have many more hungry people in the future willing to die for the resources we were willing to share with them in the past (Japan entered WWII in a quest for resources). Of course another problem of not feeding these future starving masses is that they become incubators for diseases not even in existence yet.

Take Obama- care is it really total health care? Is there any mention of dental work, hearing aids and eye glasses? How about rest homes for the elderly? No, we are only covering health care from age 0 to age 65. What is covered right now is pretty straight forward. You get shot by the police, you have no medical bills to pay. New cancer treatment drugs are $2,000 per day (what if you need the drug in order to live another 5 years?). What happens if some new miracle drug extends life another 20 years? The plan in place has no adjustment to what entitlements each individual in his or her life is entitled to over their lifetime.

Social Security was supposed to solve the problem of old people dying destitute. They didn’t have to depend on their kids for support. Of course where does the government get the money from to pay retirement benefits? You guessed it, your kids. Social Security coupled with health care along with advances in health care has created a new problem; old people living past their retirement savings. This is an individual issue. The real group issue that seems far removed from the problem is that these social programs are spending our government into the poor house.

Then there is government thinking verses the group think of providing services to all in need. The government created Social Security in order to be able to tax people through their employers. The initial payouts were small but the taxes raised were huge. Seriously, folks, do you honestly think that employers pay half of your Social Security and offer free health care? If you are self-employed, you know the answer both questions. Obama care wasn’t made to provide health care, it was designed to pay for the health care already in place being paid for by government. In essence, the age group from 18 to 45 will be taxed to cover this new “benefit.” Notice the individual envisions a health care plan, whereas to the government, this is a tax based revenue stream. Remember Social Security and Obama Care are not entitlements, only a promise of future benefits. The Supreme Court has ruled both are taxes.

What we all need to realize, when we talk on an issue of government spending or health care, we are all on a different page, the topic joins us together as a group. Our mental vision of the plan fails us only when our individual expectations are not met. And that’s what happens in a Democracy. The problem is, when you redefine it and make it even fairer, you are now defining socialism.

We know that we are headed off the cliff and each and every one of us has a solution that could stop that from happening. The trouble is, the group solution is to use the processes already in place. It kind of like buying a car with 5 other people; you want a sun roof and someone else wants ashtrays and cup holder for his beer. The car you end up “buying” isn’t the one you had envisioned—in fact, it is far from it.

In a Democracy, we need to define the government’s contract to each individual on an equal personal basis. If we define the contract on need for the individual and consider it a blank check, there is unlimited liability for the government and this smacks of socialism.

To sum it all up, we are leaning to live with inflation and the new government programs. Ask yourself one question, “Are they going to make a larger bill for currency, like a $1,000 dollar bill. The gas pumps still won’t take $50 or $100 bills, maybe it is time for reality to kick in. Where can you go on a twenty dollar bill? What’s really intensely clear on a personal level, the advent of a $1,000 dollar bill would confirm our suspicions about what Congress has been doing to us. Of course, forgive me, it’s just my imagination running wild again.

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EUR/USD Maintains Bearish Momentum; Next Stop is 1.2660-1.2680

March 31, 2013 by · Leave a Comment 

Remaining bearish: The EUR/USD consolidated sideways at the end of last week, holding below 1.2850. It starts this week under pressure and falling below 1.28. Price action remains bearish even in this near-term time-frame as the 1H chart shows that it respected an earlier consolidation range as resistance. It is

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Bedroom Tax – Coalition Government Attempts to Cure Britain of Benefits Disease Epidemic

March 31, 2013 by · Leave a Comment 

Large swathes of the Britain are infected with the Benefits disease which results in wasted lives as instead of millions of people developing themselves to the best of their productive ability instead focus on a full time career of determining what needs to be done so as to engineer how to be in receipt of the most amount of benefits payments from the state, including not engaging in legal work, giving the impression that they are single parent families and not forgetting the diseases primary manifestation which is to churn out an near endless supply of children that many have little intention of properly looking after as countless mainstream media reports continue to illustrate.

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NCDEX Maize negative support 1280

March 31, 2013 by · Leave a Comment 

and ldquo;The commodity has support at 1280 while 1340 is the resistance. Traders may sell around 1330 with the stop loss of 1360 for the target 1280 and 1270 for near term, and rdquo; said Milan Shah, Research Analyst at Commodity Online.

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Economy: India’s core sector growth declines by 2 5% in Feb 2013

March 31, 2013 by · Leave a Comment 

Petroleum refinery production recorded a growth of 4.3% in February 2013. In cumulative terms, petroleum refinery production registered a growth of 7.0% during April-February 2012-13 compared to its 3.3% growth during the same period of 2011-12.

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MCX Crude Oil may continue with negative trend support 5280

March 31, 2013 by · Leave a Comment 

and ldquo;For intra-day, the commodity has support at 5280 while 5350 is the resistance. Over all sentiments look bearish for the day, and rdquo; said Amrita Mashar, Research Analyst at Commodity Online.

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Power cuts weighing on India growth story reflects in HSBC March PMI data

March 31, 2013 by · Leave a Comment 

The PMI was down to the lowest reading in 16 months.

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MCX Natural Gas may remain negative on selling pressure 215 support

March 31, 2013 by · Leave a Comment 

and ldquo;For intra-day, the commodity has support at 215 while 220 is the resistance. If futures break 215 then, it is expected to touch the level of 213 in the coming session, and rdquo; said Amrita Mashar, Research Analyst at Commodity Online.

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Bitcoin May Be the Global Economy’s Last Safe Haven

March 31, 2013 by · Leave a Comment 

“One of the oddest bits of news to emerge from the economic collapse of Cyprus is a corresponding rise in the value of Bitcoin, the Internet’s favorite, media-friendly, anarchist crypto-currency.”

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