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By Greg Hunter’s USAWatchdog.com
Dear CIGAs,
Last week, this story from Reuters really got me upset. The headline read: “States negotiating immunity for banks over foreclosures.” The story said, “A coalition of all 50 states’ attorneys general has been negotiating settlements with five of the biggest U.S. banks that would include payment of up
Continue reading Robo-Signing Banks Not Off Hook
Jim Sinclair’s Commentary
Here is a bridge to nowhere
California Seeks $5B ’Bridge’ Loan to Pay Bills By Michael B. Marois – Jul 25, 2011 9:00 PM MT
California will borrow $5 billion today through a temporary loan as U.S. states make plans to cope with any credit-market disruption should lawmakers fail
Continue reading In The News Today
Dear Extended Family,
There is no functional hedge against the downgrade of US Treasuries that is sure to come with or without a default except gold.
The cat is out of the bag. The political opposition can back the present administration into a corner on the most important issue, debt.
If that is the
Continue reading Gold Only Functional Hedge Against Downgrade Of Treasuries
No Real Estate Rebound Until 2034 CIGA Eric
While the housing market will see periods and ebb and flow, it won’t rebound until 2034. By then, the Fed paper will be a distant memory of analysis that underestimated supply and credit damage.
Months Months Supply of New One-Family Houses for Sale And Change YOY
Continue reading Jim’s Mailbox
Jim Sinclair’s Commentary
This prediction is much too bullish.
No US home building rebound until 2014 – Fed paper CHICAGO, July 25 | Mon Jul 25, 2011 1:00pm EDT
(Reuters) – U.S. home building likely won’t return to normal levels until 2014, and then only if housing prices rebound and foreclosures drop sharply, research
Continue reading In The News Today
Greg Hunter’s USAWatchdog.com
Dear CIGAs,
It looks like even the mainstream media (MSM) can see a calamity if we are right on top of one. Finally, the dire debt ceiling negotiations between Congress and the White House were covered wall-to-wall on all the major media outlets yesterday. No comment better describes the frightful situation
Continue reading Running Out Of Runway
Jim Sinclair’s Commentary
Three this weekend.
July 22, 2011 These links contain useful information for the customers and vendors of these closed banks.
Bank of Choice, Greeley, CO LandMark Bank of Florida, Sarasota, FL Southshore Community Bank, Apollo Beach, FL
http://www.fdic.gov/
Jim Sinclair’s Commentary
It is unthinkable that there will be a
Continue reading In The News Today
Dear CIGAs,
Please click the link below to listen to this week’s metals wrap up from King World News, featuring our very own Trader Dan Norcini.
Click here to listen to the weekly metals wrap up…
I want to make a brief clarification of a comment I made in regards to "limits" on
Continue reading KWN Weekly Metals Wrap
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