$1,000 Gold Again

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Gold Resumes Climb
By: Ernie Fitzpatrick | 30/06/2008 | Economics
With inflation running wild, the US$ tanking, and war with Iran being talked more about, gold can only go back over $1,000+ again soon.

The Other Shoe Has Dropped…first the Subprime Market…now Bernanke Looks at Fannie Mae & Freddie Mac
By: Dale Rogers | 09/03/2007 | Real Estate
With the market still feeling the shakeout from the tremors of the subprime mortgage fiasco, the Federal Reserve Chairman Ben Bernanke is now directing regulatory focus towards Fannie Mae and Freddie Mac. The Chairman recognizing the tremendous power of these two financial heavy weights as having the potential to bring the U.S. financial markets to its knees is looking for action. Fannie Mae and Freddie Mac (Government Sponsored Enterprises) have been recently chided by regulators regarding its cloudy accounting practices. That brought a lot of heat and attention to management. Comments by Bernanke with respect to the risk of some of credit challenged loans in the portfolios have mirrored a stock marked spooked by the comments and closely looking for future trends in that area. Recent stock plunges worldwide resulting in downturns has got the financial gurus on the edge of their chairs.

Fannie Mae and Freddie Mac's Current Financial Crisis
By: zeusjohn | 25/07/2008 | Mortgage
The administration has proposed a rescue package for mortgage giants Fannie Mae and Freddie Mac after shares plummeted in the stock market.

$1,000 an Ounce Gold
By: Ernie Fitzpatrick | 13/03/2008 | Economics
All the nay-sayers who said gold was a lousey investment, I'd say look at the facts. And, the parade is just getting started. Gold has not topped out which is the next excuse that you'll be given for not buying gold.

Interest Rates
By: Ernie Fitzpatrick | 18/03/2008 | Economics
The US$ will be worth much less after the Fed makes its decision this afternoon. Surely they will reduce rates again, ever after the 25 basis point drop just a little over 24 hours ago which was a stop-gap, save the market, move.

With Levels of Consternation Riding High With Subprime Loans, Fannie Mae and Freddie Mac, Now What About Fha
By: Dale Rogers | 13/03/2007 | Mortgage
FHA has been losing market share to Subprime loans for quite some time now. With all the requirements for a company to qualify and meet the regulatory commitments to the do business many lenders threw up their hands and took their business to other loan products. Many subprime loan products were tweaked to look like a FHA product thus competition heated up. It heated up to the extent that FHA went from like 1.3 million loans to just a little over 400,000 loans in 2006

Lender’s Get Aggressive to Help Borrowers That are at Default Status on Their Mortgages
By: Dale Rogers | 17/04/2007 | Loans
The front pages are dominated with stories of the foreclosure onslaught. Those who can be helped out of their situation now have some options, which didn’t exist a few years ago. Some borrowers are so far gone with their financial situation, many times based on circumstances perhaps out of their control, the only answer may be to try a “short sale” (where the lender will accept less than what is owed), “deed in lieu of foreclosure” (where the borrower gives back the property to avoid foreclosure) or sell it (if the borrower has some equity) or allow the foreclosure proceeding to go to it ultimate conclusion. If the borrower has committed to staying in the property and fighting through the difficult period of pending foreclosure many lenders and their servicing agent are offering possible solutions.

The Falling Us$
By: Ernie Fitzpatrick | 16/04/2008 | Economics
There's a reason we're paying $3.50 a gallon for gasoline. And the reason is the Fed, which we're about to give more power to, as though they are good at handling money, keeps printing money like it has no consequences.

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Oil! a Leaking Bubble
By: 104inc.com | 05/09/2008
The beauty of the market, whether it’s commodities, mutual funds, or just plain ‘ol stocks, is that they never fail to surprise me. Only a month ago, I wrote an article about oil and why (based on analyst’s opinions) the price has increased so much, going up to $147 per barrel back in July. Well, just four short weeks later, oil has come down to under $108 per barrel. How in the world does oil spike up so quickly? More importantly, how does it plummet so drastically?

Vancouver’s Diverse Economy
By: Justin Mongiardo | 03/09/2008
Vancouver has one of Canada’s most diverse and thriving economies. Its location and population make it an ideal spot for an array of productive industries. From its centuries-old shipping industry to modern film production, Vancouver can host it all. This means more jobs and a more stable monetary flow both for the city itself and for Canada as a whole.

Crime and the Moral Vacuum in South Africa
By: Duncan Kelly | 03/09/2008
There is an underlying moral problem in the South African crime scourge that could easily be fixed with the right leadership.

Chevy Volt- Zero Gasoline
By: Ernie Fitzpatrick | 02/09/2008
We can't get cars to market fast enough that use no gasoline but Chevy is doing all it can to make that happen.

Oakie From Penokee Success Story
By: melvin polatnick | 01/09/2008
This is the story of a people that never asked for government help and survived with dignity.

The Gentrification of America: What Role Does the Working Class and the Poor Play?
By: Dr. Mario Barrett | 31/08/2008
Gentrification is occuring all across America, but why? What is really going on?

A Bankers' Economy
By: John Kozy | 25/08/2008
Banking has always been an elaborate confidence game, and the history of central banking provides ample evidence that his claim is true. Six decades ago, the U.S. Treasury wanted to shut down the Bank for International Settlements, saying it helped finance the Nazis. Today, Jean-Claude Trichet and Ben S. Bernanke are transforming the organization into one of the world's most powerful networking clubs.

What Affect Oil Price?
By: ariesto | 24/08/2008
what drive oil price to record high and what affects oil price is it because of pure supply and demand factors?

More from Ernie Fitzpatrick

Ike Hurricane Into Gulf?
By: Ernie Fitzpatrick | 05/09/2008 | Weather
Here we go again. What was said as mostly improbable three days ago is now a real possibility- another hurricane in the Gulf next week.

Sarah Palin Euphoria
By: Ernie Fitzpatrick | 05/09/2008 | Culture
Just when both parties think they have it figured out, along comes October and the game changes. Are you ready for an October surprise or two?

Electoral College
By: Ernie Fitzpatrick | 05/09/2008 | Politics
Who cares if one candidate or the other has a 2,3,or 5 point lead in the popular vote. The popular vote won't get one elected to the office of President

Moral Outrage!
By: Ernie Fitzpatrick | 04/09/2008 | Culture
What do we have to be outraged about when it comes to sin or wrongs of others. Have we not learned anything from Jesus, who became the Christ?

2012 Multinational Corporations
By: Ernie Fitzpatrick | 04/09/2008 | Culture
More than just a few people with an enlightened consciousness is going to have to change to save our planet. Can you say government and corporations- BIG ones?

Elite Intellectuals?
By: Ernie Fitzpatrick | 04/09/2008 | Philosophy
We need to get past the idea that WE are different than THEY, regardless of who WE or THEY might be. And we need to submit our intellectual being to our spirit being.

Bush Criminal Charges?
By: Ernie Fitzpatrick | 04/09/2008 | Politics
After John "quick draw" McCain speaks tonight, it's time to really get it on. And it appears that both presidential candidates have found their sacrificial lamb.

Rev. Ed Kalnins
By: Ernie Fitzpatrick | 03/09/2008 | Politics
You never know what will come out from your past; however, if you're running for office, your pastor, priest, or minister might get you in trouble.