Chris Vermeulen

Mortgage Delinquency Rates Increase

In the following article Chris Vermeulen of The Gold and Oil Guy, looks at the current trend in Mortgage Delinquencies in an effort to determine whether the market is still bullish. He also looks at FED actions and how they affect the markets. According to Wikipedia the Federal Funds Rate is, “the interest rate at which depository institutions (banks and credit unions) lend reserve balances to other depository institutions overnight, on an uncollateralized basis.” ~ Tim McMahon, editor

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2008 Financial Crisis- Then vs. Now

Although the seeds of the 2008 financial crisis were sown at a much earlier period of time, the banking institutions continued to reap the benefits of easy money until the financial crisis of 2008 negatively impacted the economy. The damage would have been much larger had U.S. taxpayer’s money not been used to bail out a large number of struggling banks and companies.

It is now more than eight years since the last financial crisis has occurred, and the current global situation is now beyond that of the financial crisis of 2008. The central banks have been able to kick the can down the road, but that has only produced such vast proportions of debt that the next financial crisis will not be manageable by the global central banks.

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