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Image | Patrick Killelea: What Every Homebuyer (and Homeowner) Should Know Now
Patrick Killelea: What Every Homebuyer (and Homeowner) Should Know Now
by Adam Taggart

For many, the collapse of the housing bubble was the trigger that began the era of economic slowdown Americans find themselves mired in.

But recently there have been growing reports in the media of a housing "recovery." So we've invited Patrick Killelea, founder of the popular housing site Patrick.net and author of The Housing Trap: How Buyers Are Captured and Abused and How to Defend Yourself, to clarify the situation.

The short answer is this: While there are some markets where home prices are back in line with both fundamental and historic norms, buyers still need to exert caution when making a purchase.

Patrick Killelea: What Every Homebuyer (and Homeowner) Should Know Now
 by Adam Taggart

For many, the collapse of the housing bubble was the trigger that began the era of economic slowdown Americans find themselves mired in.

But recently there have been growing reports in the media of a housing "recovery." So we've invited Patrick Killelea, founder of the popular housing site Patrick.net and author of The Housing Trap: How Buyers Are Captured and Abused and How to Defend Yourself, to clarify the situation.

The short answer is this: While there are some markets where home prices are back in line with both fundamental and historic norms, buyers still need to exert caution when making a purchase.

Image | The Future of Gold, Oil & the Dollar
The Future of Gold, Oil & the Dollar
by Gregor Macdonald

The ability of reflationary policy to mute the worst risks of debt deflation has been a source of enormous frustration for stock market bears ever since the 2008 collapse. Yes, the initial moderate rally out of the S&P500’s black hole was perhaps not so surprising in 2009. Bombed-out stock markets can always manage some sort of rally. But the ability of the rally to continue through 2010, and then 2011, and now 2012 has been quite vexing and painful for bearish investors.

Indeed, the entire post-2008 market phase has now produced an era of consistently poor performance for hedge funds. Recent data, for example, shows that an incredible 90% of hedge funds are underperforming the S&P500 through mid-September.

Will the pain continue?

The Future of Gold, Oil & the Dollar
 by Gregor Macdonald

The ability of reflationary policy to mute the worst risks of debt deflation has been a source of enormous frustration for stock market bears ever since the 2008 collapse. Yes, the initial moderate rally out of the S&P500’s black hole was perhaps not so surprising in 2009. Bombed-out stock markets can always manage some sort of rally. But the ability of the rally to continue through 2010, and then 2011, and now 2012 has been quite vexing and painful for bearish investors.

Indeed, the entire post-2008 market phase has now produced an era of consistently poor performance for hedge funds. Recent data, for example, shows that an incredible 90% of hedge funds are underperforming the S&P500 through mid-September.

Will the pain continue?

Image | Off the Cuff: At the Boiling Point
Off the Cuff: At the Boiling Point
 PREVIEW
by Adam Taggart

In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

  • Unrest is breaking out around the world
    • When the populace has no options, it revolts
  • QE3 bang already a whimper
    • The impact of each successive easing is less than its precedent
  • Gold showing real strength
    • Support for the metal is going mainstream
  • Canadian coal-mine canary
    • Huge drop in housing sales

As predicted, as we head out of the slow summer, events are now beginning to unfold fast and furious. Renewed street riots in Spain and Greece show how disaffected the citizens there are from the failed policies that have been used to placate them to date. China and Japan seem to be inching further to potential armed conflict, as do Israel and Iran. The market is realizing that with open-ended money-printing now announced, there is no future "juice jolt" to anticipate, and so asset prices have already returned to pre-QE3 territory. With such uncertainty growing everywhere one looks, it's little surprise that more and more of those who once scoffed at gold are now recommending the precious metal.
Off the Cuff: At the Boiling Point
 PREVIEW by Adam Taggart

In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris discuss:

  • Unrest is breaking out around the world
    • When the populace has no options, it revolts
  • QE3 bang already a whimper
    • The impact of each successive easing is less than its precedent
  • Gold showing real strength
    • Support for the metal is going mainstream
  • Canadian coal-mine canary
    • Huge drop in housing sales

As predicted, as we head out of the slow summer, events are now beginning to unfold fast and furious. Renewed street riots in Spain and Greece show how disaffected the citizens there are from the failed policies that have been used to placate them to date. China and Japan seem to be inching further to potential armed conflict, as do Israel and Iran. The market is realizing that with open-ended money-printing now announced, there is no future "juice jolt" to anticipate, and so asset prices have already returned to pre-QE3 territory. With such uncertainty growing everywhere one looks, it's little surprise that more and more of those who once scoffed at gold are now recommending the precious metal.
Image | When Quantitative Easing Finally Fails
When Quantitative Easing Finally Fails
by Gregor Macdonald

While markets await details on the next round of quantitative easing (QE) — whether refreshed bond buying from the Fed or sovereign debt buying from the European Central Bank (ECB) — it's important to ask, What can we expect from further heroic attempts to reflate the OECD economies?

The 2009 and 2010 QE programs from the Fed, and the 2011 operations from the ECB, were intended as shock treatment to hopefully set economies on a more typical, post-recession, recovery pathway. Here in 2012, QE was supposed to be well behind us. Instead, parts of Southern Europe are in outright depression, the United Kingdom is in double-dip recession, and the US is sweltering through its weakest “recovery” since the Great Depression.

It wasn’t supposed to be this way.

Recently-released data from all these regions now confirm that previous QE, at best, merely bought time against even more grueling outcomes.
When Quantitative Easing Finally Fails
 by Gregor Macdonald

While markets await details on the next round of quantitative easing (QE) — whether refreshed bond buying from the Fed or sovereign debt buying from the European Central Bank (ECB) — it's important to ask, What can we expect from further heroic attempts to reflate the OECD economies?

The 2009 and 2010 QE programs from the Fed, and the 2011 operations from the ECB, were intended as shock treatment to hopefully set economies on a more typical, post-recession, recovery pathway. Here in 2012, QE was supposed to be well behind us. Instead, parts of Southern Europe are in outright depression, the United Kingdom is in double-dip recession, and the US is sweltering through its weakest “recovery” since the Great Depression.

It wasn’t supposed to be this way.

Recently-released data from all these regions now confirm that previous QE, at best, merely bought time against even more grueling outcomes.
Image | Off the Cuff: Time for Precious Metals to Shine?
Off the Cuff: Time for Precious Metals to Shine?
 PREVIEW
by Adam Taggart

In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris reunite to discuss:

  • Dwindling options for capital
    • Growth is slowing everywhere and more QE looks increasingly certain
  • Mathematical disasters everywhere
    • More bad news from Europe and Japan
  • Housing market overhang
    • We may see a 'lost decade' before prices truly recover

There's much to talk about as Chris and Mish reconnect after two weeks. Signs for new global liquidity measures are burning brighter than ever and sovereign risk in Europe and Asia is mounting. Stewards of wealth are finding it harder and harder to protect it, let alone grow it. Are we finally at the stage where the world wakes up to the relative sanctuary the precious metals offer?
Off the Cuff: Time for Precious Metals to Shine?
 PREVIEW by Adam Taggart

In this week's Off the Cuff with Mish & Chris podcast, Mish and Chris reunite to discuss:

  • Dwindling options for capital
    • Growth is slowing everywhere and more QE looks increasingly certain
  • Mathematical disasters everywhere
    • More bad news from Europe and Japan
  • Housing market overhang
    • We may see a 'lost decade' before prices truly recover

There's much to talk about as Chris and Mish reconnect after two weeks. Signs for new global liquidity measures are burning brighter than ever and sovereign risk in Europe and Asia is mounting. Stewards of wealth are finding it harder and harder to protect it, let alone grow it. Are we finally at the stage where the world wakes up to the relative sanctuary the precious metals offer?
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