$110,000 in Student Debt; $50,000 Dual Income

Written by Gary North on August 6, 2012

Here is a man who borrowed $110,000 to attend the University of Mississippi — not a top-tier university, and tax-funded. Their joint income id $50,000. They have one child. So, there are day care expenses. With so many couples like them, day cares are very profitable when they are run right. The couple says that […]

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Yellow Alert: Key Federal Reserve Planner Bails Out

Written by Gary North on April 9, 2012

The man in charge of the Federal Reserve’s infamous “operation Twist” has just announced that he is quitting. At age 41, hardly anyone quits the FED. He is at the New York FED, the privately owned branch that is in charge of executing Federal Reserve policy, His name is Brian Sack. He is the head […]

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Another Round of Housing Bailouts

Written by Gary North on March 28, 2012

Fannie Mae is out of money again. Every few months, it returns to Congress and asks for more money. The U.S. housing market is a on life support. The few voters who are aware of this don’t care. Most voters don’t know. The two government-owned mortgage companies are bleeding us dry. Fannie Mae burned through […]

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Desperation in the Housing Market

Written by Gary North on February 16, 2012

I wrote in 2011 that 2012 would be the year when sellers would finally panic. The market would continue down. Now we find that foreclosures are on the rise. This will continue all year. The sellers who have held on, hoping for a reversal, will see their dreams smashed in the summer of 2012. Their […]

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Housing in 2012: Distressed Sellers’ Last Gasp

Written by Gary North on January 9, 2012

The news is bad. The most recent S&P/Case-Shiller housing-price data show a second month of seasonally adjusted price declines. The overall 20-city index dropped about 3.4 percent from October 2010 to October 2011, after falling less than one percentage point during the previous year. In nominal terms, the 20-city index is at the lowest point […]

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