Real Estate in real trouble – mortgage defaults in January reached level like never before and most property owners are aiming bankruptcy to avoid foreclosure!
Peter Oberois
Feb. 9, 2007

The endgame can be nearer than thought before. The mortgage defaults in January reached level like never before and most property owners are aiming bankruptcy to avoid foreclosure!

Banks especially mortgage bankers can collapse! A banking cycle peak was due in 2006-2007. It seems the peak is in place and banks will lead Dow into a classic 1929 style crash.

Homeowners can stay in their homes without paying mortgage for two years. The investors are taking that route to see if the market comes back and they can get out by fliiping the property.

HSBC’s problem is just tip in the iceberg! The banking collapse will be severe. The financial systems can meltdown in a global scale.

Real Estate in real trouble – mortgage defaults in January reached level like never before and most property owners are aiming bankruptcy to avoid foreclosure!
Peter Oberois
HSBC’s problem is just tip in the iceberg! The banking collapse will be severe. The financial systems can meltdown in a global scale.
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One more similarity with 1929 - US Congress takes aim at Tokyo and Beijing over yen and Yuan
Media Release
The US Congress dominated by the democrats are clear about theur intentions. They will not tolerate the Central Banks of japan and China continue to artificially amnipulate and kwwp their currencies undervalued. It hurts US mnaufacturing.
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Slightly higher Initial Jobless Claims, lower Wholesale Inventories and lower Wholesale Sales pointing to stagflation slowly changing to deflation – how will markets react
Alan Hershey
. The speculative mania reached new highs in most of the asset classes. As stagflation changed to deflation, the Employment and Wholesale Inventories showed no significant changes. People were complacent till the day of the stock market crash.
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In 1920s real estate collapse and stagflation preceded the stock market crash, deflation and depression – history repeating again?
Peter Oberois
In the middle of all this like in year 1929, the year 2007 marks the end of a twenty year banking bull market. The banks based on cycle study will start going belly up.
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Dow Transports reconfirming the market’s bullish primary trend under the Dow Theory – bull trap or bear killing spree?
Marla Guthrie
The biggest question now is this a bull trap or the last chance for the bears to put their cash to work.
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Oil can stay between $55 and $65 for a long time before going down – a definite bullish scenario for Canadian Dollar and Sugar
Sam Adelton
Canadian dollar is also bullish because oil and natural gas are going up. The commercials will need to buy Canadian Dollar and sell US Dollar to pay for Canadian oil and gas.
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Mortgage refinancing difficulties have started pushing homeowners on the edge – foreclosed homes a new investment vehicle
Joe Weinman
These smart investors are actually accumulating properties with a hope they can flip the same during summer and after. The real estate market can rally this summer. Sentiment indicators show too many bears around real estate – and that is bullish.
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Deflation in Japan a serious problem - Japan Bank lending fails to accelerate – yen can drop further before rising
Sonia Parker
Japanese economy is still showing signs of trouble. Japan Bank lending failed to accelerate. That will provide enough anxiety for Bank of Japan.
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