By Bob Stokes
1/27/2011 4:15:00 PM
Much of what makes a "home and hearth" cannot be measured in dollars and cents. Even so, it's not wise to ignore the financial facts of residential real estate...
Filed Under: consumer spending, credit crisis, economic depression, Fannie Mae, Freddie Mac, housing prices, subprime lending
Category: Real Estate
Robert Prechter Dispels 10 Popular Investment Myths, Part XI
The world's foremost Elliott wave practitioner tests myth #10: "Central banks and government policies control the markets” -- and brings you yet another surprising conclusion
By Vadim Pokhlebkin
1/6/2011 11:30:00 AM
This is Part XI of the series "Robert Prechter Dispels 10 Popular Investment Myths," where EWI president tests myth #10: "Central banks and government policies control the markets” -- and brings you yet another surprising conclusion.
Filed Under: bailouts, Ben Bernanke, Dow Jones Industrial Average (DJIA), earnings, Elliott Wave Principle, Fannie Mae, U.S. Federal Reserve (the Fed), Freddie Mac, inflation, investor psychology, market manipulation, monetary policy, S&P 500
Category: Stocks
By Nico Isaac
1/4/2011 3:15:00 PM
Elliott Wave International wasn't around during the Great Depression of 1929. But we were here for the most recent financial flameout in 2007 -- when the most inflated credit environment in all of history entangled itself around the engine of economic growth and sent it hurtling toward a fiery collapse. And contrary to the popular belief that the still continuing meltdown was an unforeseeable event, Elliott Wave International's team of analysts stayed ahead of the bursting of the economy's biggest balloons
Filed Under: 1929 Stock Market Crash, credit crisis, crude oil, eurozone, eurozone, Fannie Mae, Freddie Mac, great depression, housing prices, quantitative easing, subprime lending, Wall Street
Category: U.S. Economy
By Bob Stokes
8/25/2010 1:15:00 PM
Renters have long been a key source of potential home buyers. So this survey is grim news for anyone hoping for a quick recovery in the real estate market...
Filed Under: Freddie Mac
Category: Real Estate
By Nico Isaac
6/22/2010 7:00:00 PM
On June 16, Fannie Mae and Freddie Mac announced plans to voluntarily delist their shares from the New York Stock Exchange, ending a union that began in 1968 and 1970 respectively, and dissolving a partnership that firmly established the two mortgage giants as financial royalty.
Filed Under: Fannie Mae, Freddie Mac, New York Stock Exchange (NYSE), Robert Prechter
Category: U.S. Economy
By Bob Stokes
5/19/2010 2:45:00 PM
Federal, state, and local officials can't even keep their own "financial houses" in order -- massive deficits at every level of governments are run of the mill news these days. How can you expect them to help your finances?
Filed Under: Fannie Mae, Freddie Mac, Robert Prechter
Category: Stocks
By Nico Isaac
5/7/2010 7:30:00 PM
his April, a remake of the iconic horror flick "A Nightmare on Elm Street" was released in theaters. In it, the main knives-for-fingers psychopath Freddy Krueger terrorizes his victims by turning their sleeping horrors into reality. Well, from the realm of film to that of finance, a similar script is playing out. Call it, A Nightmare on Wall Street. In it, "the main tormenter" Freddie Mac scares the living daylights out of debt-saddled America
Filed Under: Freddie Mac, Dow Jones Industrial Average (DJIA), bailouts
Category: U.S. Economy
Mortgage Rates Headed Higher
Hard as they may try, the government doesn’t control the market.
By Jason Farkas
3/18/2010 12:00:00 PM
The Fed can “claim victory” on its bond-purchase program, the mortgage-backed security (MBS) program that buys debt issued by government-sponsored enterprises (GSE), such as Fannie Mae, Freddie Mac and Ginnie Mae. However, they had better hurry up and claim victory, because as we will show, mortgage rates now appear to be headed higher.
Filed Under: Fannie Mae, Freddie Mac, U.S. Federal Reserve (the Fed), Robert Prechter
Category: U.S. Economy
By Nico Isaac
3/13/2009 4:15:00 PM
Suppose that all the conventional financial wisdom you've ever heard was written onto a large chalkboard -- and then someone gave you an eraser, a box of chalk, and the knowledge of how financial markets Really work. That may be the kind of vision you'd have after reading Bob Prechter’s best selling book “Conquer The Crash.” As the saying goes, you'll never think about the social, financial, or political world in the same way again.
Filed Under: conquer the crash, Fannie Mae, Freddie Mac, credit crisis
Category: U.S. Economy
By Euan Wilson
9/23/2008 1:30:00 PM
From the time the founders drafted the Constitution, Presidents and the Congress have often been in a tug-of-war over the scope of executive power. But this time, it's different. The expansion of executive power is not because of national security, war, or political scandal. This time, the president wants power without precedent because the debt-based, monopoly-currency financial system has failed.
Filed Under: bailouts, bailouts, Fannie Mae, Freddie Mac, U.S. dollar
Category: U.S. Economy
By Editorial Staff
9/19/2008 4:00:00 PM
Government officials and newspaper editorials, even those from skeptical writers, have been unanimous in claiming that a bailout, no matter how unpleasant, was “necessary.” But this is nonsense. Find out why.
Filed Under: bailouts, bailouts, Wall Street, short selling, Fannie Mae, Freddie Mac, Federal Deposit Insurance Corporation (FDIC)
Category: Classic Prechter
By Nico Isaac
9/8/2008 5:15:00 PM
Forget faith. Forget unheard-of dollar amounts. Forget the Fed’s promise not to let the mortgage giants fail. The truth is: In forty years of economic history, there has been ONE single requirement for a financial bailout to pull off a meaningful recovery: A bull market in stocks. The full story awaits.
Filed Under: Fannie Mae, Freddie Mac, bailouts, U.S. Treasuries
Category: U.S. Economy
By Alan Hall
9/5/2008 4:15:00 PM
...a recent Atlanta Journal Constitution headline: “Therapists helping builders cope during housing slump.” The article explained how “Every builder seems to know a colleague swamped in debt, and a few know friends in the business who have taken their lives.” A year ago, few imagined that smiling builders talking on cell phones in big trucks would soon be seeking emotional support on therapists’ couches.
Filed Under: bailouts, bailouts, Fannie Mae, U.S. Federal Reserve (the Fed), U.S. Federal Reserve (the Fed), Freddie Mac, great depression, housing prices, housing prices, housing prices
Category: Cultural Trends
By Gary Grimes
8/26/2008 12:30:00 PM
It’s no surprise homeowners felt invincible; they'd been told to feel that way every day. The mainstream media – the group who believes they're supposed to question authority for the good of John Q. Public – got caught with their pants down. Government agencies appeared equally inept – or at least unwilling to confront the problem. But there were a select few who not only knew, but were ready and waiting.
Filed Under: Fannie Mae, Freddie Mac
Category: Real Estate
Mr. Hull's Giant
“There's a sucker born every minute."
By Bill Fox, Senior Bonds Analyst
8/22/2008 6:45:00 PM
In the summer of 1868, Mr. George Hull of Binghamton, New York, decided to pull off a hoax. He had a gypsum block carved into the shape of a giant dead man, buried at a farm near Cardiff, New York -- and then later, he had it dug up. Thousands of people flocked to pay and see "Mr. Hull’s giant." And here we are, 140 years later...
Filed Under: credit crisis, Fannie Mae, Freddie Mac
Category: U.S. Economy
By Alan Hall
8/4/2008 4:00:00 PM
Many people think the Fed has “saved” Fannie and Freddie, and the FDIC will “save” all depositors from the effects of the mortgage and credit crisis in the United States. Most people hope the crisis is just another temporary interruption in the “normal” bull market, and a return to the status quo is just around the corner.
Filed Under: bailouts, bailouts, Fannie Mae, Federal Deposit Insurance Corporation (FDIC), U.S. Federal Reserve (the Fed), Freddie Mac
Category: U.S. Economy
"I Like Rocks"
What's common between an over-stuffed backpack and the U.S. government's interference with the markets?
By Bill Fox, Senior Bonds Analyst
7/21/2008 6:00:00 PM
It is late July, and around my house, that means it’s time to send the kids off to summer camp. My youngest boy, 9 years old, is going away for a week for the first time. And while we were packing, it suddenly occurred to me what a perfect metaphor that was for the U.S. Treasury’s plan to bail out the government-sponsored enterprises like Freddie Mac and Fannie Mae...
Filed Under: Freddie Mac, Fannie Mae, U.S. Treasuries, bailouts
Category: Interest Rates
By Nico Isaac
7/18/2008 4:45:00 PM
Lehman Brothers on the skids, Washington Mutual shares plunge to a 17-year low, Citigroup and Merrill Lynch join the red-flag finanical parade, AND -- the third largest bank failure in U.S. history takes place with the shut down of Indymac Bancorp. Before the U.S. banking sector went to hell in a handbasket, we saw the "warning signs" of decline...
Filed Under: Federal Deposit Insurance Corporation (FDIC), Fannie Mae, Freddie Mac
Category: U.S. Economy
By Gary Grimes
7/14/2008 4:15:00 PM
A Special Video Issue of Robert Prechter's Elliott Wave Theorist is online now. But, before you watch his updated insights, please watch and read a few selections from Prechter's Oct. 19, 2007 Elliott Wave Theorist and Bloomberg TV interview on that day.
Filed Under: Robert Prechter, Bear market, deflation, Fannie Mae, Freddie Mac
Category: Stocks
By Nico Isaac
7/11/2008 5:45:00 PM
On Friday, July 11, the pandemonium surrounding Fannie Mae and Freddie Mac’s fall from financial grace prompted some panic-stricken citizens to ask the most dreaded of all questions: If the U.S. government is forced to bailout the flailing mortgage giants, will the leader of the free world lose its coveted AAA status?
Filed Under: Fannie Mae, Freddie Mac, Ambac, credit rating
Category: U.S. Economy