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Rising Mortgage Rates (4.47%) and Rising Entry-level Home Prices (+9%) Makes Housing Even MORE Unaffordable

Freddie Mac reported on Thursday that its weekly average 30-year fixed mortgage rate rose to 4.47%, the highest since January 2014. Unfortunately, home prices have risen since January 2014 as well. 177 more words

Banking

The Pension Boogie: Global Pension Deficit $400 Trillion By 2050 (5X Today's Entire Global Economy)

The World Economic Forum said in a study that the pension deficit is growing by $28 billion every 24 hours – and if nothing is done to slow the growth rate, … 199 more words

Banking

A Review of The Courage to Act by Ben Bernanke

Published in 2015, The Courage to Act is a memoir by Ben Bernanke, Chairman of the United States Federal Reserve.  The book primarily covers the 2007-2009 financial crisis and Bernanke’s actions through and following this period. 910 more words

Robert Shiller On The Markets, Odds Of A Recession, Bitcoin and More | CNBC


Robert Shiller, professor of economics at Yale University, discusses valuations, the Fed and more with Sara Eisen.

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News

Good News! St Louis Fed ENI Q1 Real GDP Growth Projected To Be 3.50%! (But Yield Curve Signals "Winter is Coming!")

St. Louis Fed Economic News Index, their real GDP “nowcast,” projects Q1 growth at 3.50 percent, up from its previous week’s projection of 3.36 percent. 110 more words

Banking

Housing Finance Reform: A Better Way (Mutalization of Risk Among Investors, Just Not The Federal Government)

There exists multiple proposals to ‘reform’ the US housing finance system. Most involve making a Federal government guarantee explicit. Fannie Mae and Freddie Mac did NOT have an explicit guarantee back in 2008, yet were still put into conservatorship by FHFA. 353 more words

Banking

The Three Stages of Fannie Mae and Freddie Mac (Credit Scores)

Federal mortgage giants Fannie Mae and Freddie Mac remain in conservatorship with their regulator FHFA since September 6, 2008. Come September,  this will represent ten years in conservatorship. 147 more words

Banking