To Our Clients, Colleagues and Friends,

What happens when governments run massive deficits and then create/print too much money to fund them?  Here’s some data on the world’s worst inflations, and note in the third column that this is the daily rate. If we were to look at it annually, there would be too many zeroes [...]

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Let’s start off with two basic premises. First, there has always been a range of borrowers (credit & risk-wise) that need home loans at rates that match the risk. Second, there have always been investors out there with varying degrees of appetite for risk, and demand more return for higher risk. For prime borrowers, the [...]

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    Great charts – Foreign Holders of Treasuries – The Love is Gone…. – Andrew Horowitz -  What we noticed from Tuesday’s report is that there is a change at the top. Japan has now taken the lead spot as holder of Treasuries. That [...]

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In totally unrelated news to mortgage banking, GFE’s, and investor changes, Canada’s last known First World War veteran, John Babcock, has died at age 109. Babcock was born on an Ontario farm in 1900 and enlisted to join the war at the age of 16 after lying about his age. (The United States has one [...]

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