Posts Tagged ‘realtors’

Bankers vs Realtors – Showdown on the West Side

Bankers vs Realtors – Showdown on the West Side

Businessmen standing back to back for duel

Courtesy of Joshua M Brown, The Reformed Broker 

This is a bit like watching rival Mexican drug gangs fight it out for control over a border town – you hope they kill each other and it really doesn’t matter if neither of them "win".

From the New York Times:

On one side are the bankers, who say borrowers should be liable for what they owe. On the other side are real estate agents, who say those who lost their houses should not be so burdened by debt that they cannot move on.

The differences have real financial consequences: bankers want to collect on billions of dollars in outstanding loans; real estate agents want as many people as possible to return to the housing market.

For the first time, the debate is spilling into the realm of law making, with state legislators in California considering a bill that would redefine the obligations of many defaulting homeowners.

Obviously the bankers are "in the right" as far as wanting homeowners to meet their obligations.  Strategic default is cute, and in some cases it is economically the smart move, although these are adults that signed their name to a piece of paper so there should be a consequence.  That said, in many instances, these loans were grotesque characitures of fair contracts so it’s hard to empathize with the creditors.

The realtors on other hand will make the case that the silver lining of strategic default is that at least it keeps properties turning over and the real estate market moving.  They are jackals and a rapid turnover of homes with less consequence to the defaulter leads to buy and sell commissions, which is really all they’re after.

California Bankers versus Realtors to me is like if the Hells Angels and the Mongols fought for territorial control over a gas station bathroom.  Whatever.

Have at it, boys.

Source:

Battles in California Over Mortgages (NYT) 


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Zero Hedge

The Incredible Shrinking Population: By 2080, Italians Will Be A Minority In Their Own Nation

 

The Incredible Shrinking Population: By 2080, Italians Will Be A Minority In Their Own Nation

Courtesy of Zero Hedge

Via GEFIRA,

Though the official data shows that Italy’s population was growing until 2015 and according to a Eurostat projection it will stabilize within the next decades, the number of indigenous citizens is shrinking with an astonishing pace: every year by a quarter of a million, and this decline will accelerate. That means that the projected demogr...



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ValueWalk

The Coming Oil Bull Market?

By Fallible. Originally published at ValueWalk.

We all know the biggest profits come from staying ahead of the market.

If everybody thinks prices will go one way… you have to look for evidence that says otherwise.

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And on the rare occasion you actually find that evidence, you can make truckloads of money.

Today I’m going to show you data that proves t...



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Insider Scoop

7 Stocks To Watch For January 19, 2018

Courtesy of Benzinga.

Related SYF Earnings Scheduled For January 19, 2018 Dow Earnings: Analysts Expect Goldman Sachs Revenue Decline Notable earnings before Friday's open (Seeking Alpha) Related AXP ...

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Phil's Favorites

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

 

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

Courtesy of Vitaliy Katsenelson, Contrarian Edge

If you invested in the markets circa 1999, it is hard to observe the Bitcoin mania and not experience the feeling that you’ve seen this movie before and know how it will end – in losses and tears. The internet was a great idea that convinced a lot of great minds to invest capital and energy into businesses that have transformed the world – Amazon, eBay, Cisco, PayPal … the list is very long (though in fairness the list of non-survivors is even longer – but they are not here to remind us of their nonexistence).

R...



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Digital Currencies

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

 

Bitcoin and cryptocurrencies are just the Beanie Babies of the moment

Courtesy of Vitaliy Katsenelson, Contrarian Edge

If you invested in the markets circa 1999, it is hard to observe the Bitcoin mania and not experience the feeling that you’ve seen this movie before and know how it will end – in losses and tears. The internet was a great idea that convinced a lot of great minds to invest capital and energy into businesses that have transformed the world – Amazon, eBay, Cisco, PayPal … the list is very long (though in fairness the list of non-survivors is even longer – but they are not here to remind us of their nonexistence).

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Chart School

Gold Gann Angle Update

Courtesy of Read the Ticker.

Investors see this, higher support levels in metals and metal stocks, the big boys may be done with their tricks and a move up is near.

readtheticker.com has been watching the price move over the Gann angles with gold (GLD). Demand has proved it self so far, 2018 may see the red bearish 1x1 (down line) challenged near $140. Of course this does not mean another test of $125 is unlikely, the big boys are using all the tricks in the book to not allow the public to enjoy are profitable market up process.

Gann Angles mixed with cycles and ...

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Biotech

How Alzheimer's disease spreads throughout the brain - new study

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

How Alzheimer's disease spreads throughout the brain – new study

Courtesy of Thomas E CopeUniversity of Cambridge

Harmful tau protein spreads through networks. Author provided

Alzheimer’s disease is a devastating brain illness that affects an estimated 47m people worldwide. It is the most common cause of dementia in the Western world. Despite this, there are currently no treatments that are effective in curing Alzheimer’s disease or preventing its relentless progressio...



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Mapping The Market

Trump Admin Bans CDC From Using Words Like 'Science-Based,' 'Diversity'

By Jean-Luc

These are the policies of a theocracy, not a modern democracy:

Trump Admin Bans CDC From Using Words Like ‘Science-Based,’ ‘Diversity’

The Trump administration has prohibited the Centers for Disease Control and Prevention (CDC) from using words like “science-based,” “diversity,” and “transgender” in their official documents for next year’s budget, according to the Washington Post.

Senior CDC budget leader Alison Kelly met with the agency’s policy analysts on Thursday to announce ...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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