Mortgage rates going up despite massive bailout – bonds selling

Why Mortgage Rates Are Rising Despite Government Efforts! by Mike Larson The government is throwing everything … and I do mean EVERYTHING … at the credit and mortgage markets. It has taken over Fannie Mae and Freddie Mac. It has agreed to buy Mortgage Backed Securities (MBS) in the open market. It has pledged to […]

Credit crisis and China’s yuan – buy gold

Dow Drops 733; Another Reason to Like Gold by Larry Edelson The credit collapse is not entirely over. Nor is its impact on Main Street. And as we saw yesterday, there will be more sell-offs, sharp ones that scare the dickens out of nearly everyone. That’s why I suggest sticking mainly with natural resource-based companies […]

Martin Weiss – how governments may worsen financial crisis

Why Financial Collapses Are Unavoidable And Government Actions May Be Backfiring by Martin D. Weiss, Ph.D. 10-13-08 Open Letter to: Dominique Strauss-Kahn, Managing Director of The International Monetary Fund (IMF) From: Martin D. Weiss, Ph.D., Chairman, Sound Dollar Committee Dear IMF Managing Director Strauss-Kahn: This past Saturday, October 11, 2008 at a joint press conference […]

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