October 2008 - Blown Mortgage

October 2008

Should Uncle Sam Help?

A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment. Government assistance and intervention when it comes to housing and mortgages is always a thorny issue. First, it?s important to note that when the [...]

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Fed Implode-o-Meter

Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage. Just how much money has the Fed, aided and abetted by the Treasury, spent this year? Numbers are all over the place, but it could be around $3.8 trillion. They spent $650 billion in the last six [...]

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Is devaluation the only road out?

A guest post from Constantine von Hoffman, veteran business journalist and author of the blog CollateralDamage.biz, a humorous look at marketing, business and his dog. Is the US on the verge of a currency devaluation? This idea is one of the most disturbing predictions I?ve read recently. I found it at the fine blog, Jesse?s [...]

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Rate Cut? “Meh.”

A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money matters and his adventures in self employment. The markets continued their gut wrenching swings today before finally falling down into the red following a huge rally yesterday in [...]

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Another guest post from MG who went from Wharton to Wall St. to real estate to Blown Mortgage. Today?s reverse crash resulted in the Dow up $889.35 to close at $9,065.12. From peak to recent trough, the Dow has moved from its all-time high of $14,164 on October 9, 2007 to a low of $8,176 [...]

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