Houses, FHA Losses And Eternal Faith in Persuasion
“More than 17 percent of all FHA loans were delinquent in September, according to data on the agency’s website.” I believe that number was 9% last quarter. Of course not all delinquencies turn into bad loans, or full-on NPL’s, but both the trend and absolute level should be alarming. The major problem, however, seems to .. read more
Tactical Update
The Fed has indicated the willingness to buy securities from savers and investors until we get job growth. But what does this really mean? Can the Fed induce hiring from further quantitative easing? Bernanke to investors of capital: “take risks today, lend money to entrepreneurs so they can hire. Act now, because we are buying .. read more
Thinking Things Over: Bernanke Casts a Vote for Obama
Thinking Things Over September 16, 2012 Volume II, Number 31: Bernanke Casts a Vote for Obama John L. Chapman, Ph.D. Washington, D.C. “Reason…teaches all Mankind, who would but consult it, that being all equal and independent, no one ought to harm another in his Life, Health, Liberty, or Possessions. [And what best promotes this?] …[A] standing Rule .. read more
Thinking Things Over: There’s a Brighter Future Ahead….but When?
Thinking Things Over June 4, 2012 Volume II, Number 22: There’s a Brighter Future Ahead….but When? By John L. Chapman, Ph.D. Washington, D.C. In a world of pure theory, stock and bond prices rise and fall according to the fundamentals of market reality, and exclusively so. The strength of profits and free cash flow, sustainability of .. read more
Fundamental Monetary Reform Is Coming…(Part One)
Thinking Things Over May 13, 2012 Volume II, Number 19: Fundamental Monetary Reform Is Coming…(Part One) By John L. Chapman, Ph.D. Washington, D.C. The monetary system is to the economy what circulating blood is to the body: the former enables the latter to function. If the former is plagued with a virus, the latter will .. read more
Monetary Policy, the Real Economy, and Asset Prices: Where are We?
Thinking Things Over April 22, 2012 Volume II, Number 16: Monetary Policy, the Real Economy, and Asset Prices: Where are We? By John L. Chapman, Ph.D. Canton, Ohio. In the wake of recent market volatility, and ahead of the Federal Reserve’s Open Market Committee meeting here on April 24-25, calls for another round of Fed easing, ”QE3,” have again .. read more
