More deflationary dead weight ahead: cash-out mortgages on homes valued for collateral purposes at $10 to $20 million or more. Click here for the story. One things is certain: Unless there is HYPER-inflation, these homes are unsalable at anything near the price originally paid for them. In fact, they are probably unsalable at all, and those who list homes for $30 million…$40 million…$50 million (Joe Montana, last week) are delusional if they think there’s someone out there on whom they can unload these ridiculous castles.
COMMENTARY for Sunday
This Just In... for Saturday
Hidden Pivot Webinar & Tutorials
The next Hidden Pivot Webinar will be held on 6/30 - 7/1. This two-day event is designed to teach you the risk-averse trading strategies Rick has taken to his seminars around the world. Once you have learned his proprietary secrets, you will approach trading and investing with enough confidence to make your own decisions without having to rely on the advice of others. For more information, or to register, click here.
A Colorado Thaw Between Snowstorms
by Rick Ackerman on November 8, 2009 10:44 pm GMT · 10 comments
Colorado weather is predictably crazy, and so last week’s spring-like thaw would not have surprised any of the locals. The Denver area had been buried by a huge snowstorm the week before, but the evidence was mostly gone just two days later, as temperatures climbed into the high 50s. For anyone who grew up in the East, the speed at which snow disappears hereabouts is startling. A snowstorm in any of the big cities along the Eastern Seaboard can leave a mess that lingers on the roads for weeks. Not here, though. The air is » Read the full article