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in Self Help
A major change in the economy has been unfolding for several years. It is reaching a financial crisis that will no longer be unnoticed by most. It is possible that social chaos could result.
The Greek and European debt crisis has come to a head, as well as the one in Puerto Rico. The bond market is failing. With interest on bonds so low that some rates are negative, as interest rates now rise to draw investors, the older bonds are falling in value. The stock market may fall with bonds as the ridiculous derivatives market crashes. Very few people have a full time job with benefits and enough pay to meet living expenses and service their debt.
Inflation has been in gear in needed items like food, health care and utilities. Even though crude oil prices fell earlier this year, they have risen back somewhat, and gasoline prices are close to $3 again. Meanwhile the “petrodollar” is being abandoned in the world oil markets. Will the dollar fall? Will gold and silver skyrocket? What about real estate? Will currencies be reset, perhaps even backed by assets?
Is this an engineered collapse to set up a world economic governance via trade agreements and international institutions? It is wise to be better prepared for the changes in progress.
On today's podcast, we have back as our special guest, MICHAEL FRATANTONI, Senior Vice President and Chief Economist with the Mortgage Bankers Association (MBA). Michael will be sharing with our listening audience an economic update. He will be answering questions such as:
What is the likelyhood that we will see the Federal Reserve raise rates in 2015 or is it now 2016?
What is the updated projected purchase applications vs. the refinance applications?
Is the economy peaking or can we look forward to a stronger economy in 2016?
What are the projections for homesales, new and existing?
There are just some of the questions we will be asking in today's "hot topic" segment. Don't miss this important and informative podcast and tell others about it.
Created BY mortgage professional FOR mortgage professionals, Lykken on Lending is a weekly 60-minute radio program styled “podcast” hosted by mortgage veteran, David Lykken. Joining the program each week is Joe Farr with a MARKET UPDATE, Alice Alvey providing a LEGISLATIVE UPDATE, Paul Muolo of IMFnews.com giving a quick MTG NEWS HEADLINES update and Andy Schell (a/k/a "The Profit Doctor") providing tips on FINANCIAL MANAGEMENT. This is followed by the HOT TOPIC segment, which is an in depth discussion about one of the hottest topics related to the mortgage industry.
in Self Help
Major economic changes have been unfolding for several years. We are now reaching a financial crisis that will get everyone‘s attention. There is a great potential for social chaos to result.
With interest on bonds so low that some rates are negative, the decision to increase interest rates before long could crash the markets.
Meanwhile, very few people have a full time job with benefits and enough income to meet living expenses and service their debt. Financial slavery replaced and expanded on physical slavery after the Civil War. Now we are reaching the point of realizing the low end experience of that financial prison.
Alternative economists warn that sluggish economic activity, market drops, dollar decline and wealth redistribution may soon bring financial wipeout of the middle class and widespread poverty.
The orchestrated migration of refugees from the middle east, who are being difficult to manage, are exacerbating the financial crisis in Europe and soon may in the U.S. Now the hostilities seem to be bringing on World War III.
It is certainly time to get prepared and make plans with compatible friends.
in Self Help
A major economic crisis has been unfolding for a few years. The falsified recovery presented by officials and the media after the 2007-8 crash is now being exposed. Quantitative easing and zero interest are tricks to hide the global economic collapse as long as possible.
We are nearing an intended financial crash that is designed to result in social chaos as the “greater” depression becomes obvious.
With the interest rate on bonds so low that some rates are negative, an inevitable rise in interest rates may fuel the developing bear markets in stocks and bonds. The dollar is being abandoned as the world reserve “petrodollar“. There may be a serious loss of dollar based assets such as bank accounts, as the ridiculous derivatives market collapses.
International trade has fallen to a trickle. Very few people have a full time job with benefits.
Inflation has been in gear in needed items like food, health care and utilities. At the same time the deflation in commodities, especially crude oil prices have countered inflation and kept the dollar alive. Will the dollar fall and gold and silver skyrocket? What about real estate? Will currencies be reset, perhaps even backed by assets?
The debt and financial crisis in Europe has been compounded with the orchestrated migration of refugees from the middle east who are being difficult to manage. Meanwhile the major powers are engaging in hostile policies that seem close to starting World War III.
An alternative real gold currency is now available in the form of a payment card with 1 gram of gold embedded in it that is already being used in transactions in Europe and the U.S.
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