Editor: Vladimir Bajic | Tactical Investor
The following excerpt makes for a compelling read; if you find it to be interesting, then please click the link at the end of the excerpt to access the full article.
Unbelievable: FHA implements New Mortgage forgiveness program for severely delinquent loans
Idiotic FHA Implements Brand New Mortgage Forgiveness Program repeating History again
Adding insult to Injury; FHA decides to Implement Mortgage forgiveness program for severely delinquent loans
We agree that the driving forces behind this economy are illusory in nature and that this economic miracle has and is being supported by hot money. Nothing else is driving this economic recovery. Any piece of data that can be manipulated has been manipulated to suit whatever picture the Fed wants to paint; all this is true but fighting the Fed is going to lead you nowhere but to an early grave. Central bankers have embraced the era of negative rates, and this experiment will not end until we have another currency crisis.
Who knows when this will occur? What we do know is that many of those who were dead certain this would transpire in their lifetime are no longer here. One clue that something is amiss will be when the masses move into the euphoric camp, and they are a long way from that zone. One would think after the market surged to new highs, the number of individuals in the bullish camp would soar, but no such luck. In fact, our proprietary “anxiety index” reveals that the crowd has remained in the circle of “fear zone “and has not moved into the calm zone once in the past six months. Most Unloved Stock Market Bull Destined To Roar Higher
Other Stories of Interest:
Long Term Stock Market Bears Always Lose (July 27)