To understand the credit crisis plunging the US economy into a deep recession, please click on the highlighted link below for a very informative and entertaining video presentation.
You will learn how sub-prime mortgage lending, called collateralized debt obligations (CDO), by highly leveraged banks caused housing prices to plummet by 20 percent resulting in CDOs falling by 80% to100%; consequently, CDOs are now worthless making many banks insolvent, and not unexpectedly, these banks now refuse to lend you money.
Once taken to this website, click on the white triangle in the lower left hand corner to begin video.
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Click on the very funny The Daily Show with Jon Stewart video link below to understand why investors shouldn't trust television commentators when making trading decisions.
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Learn about central banking and the Federal Reserve Bank.
by The Money Masters, written by Bill Still and Patrick S. J. Carmack
Financial Ruling Class - Part 1
Financial Ruling Class - Part 2
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Monday, June 29, 2009
"This [stock] market continues to be propped up by government intervention and manipulation." The Market Ticker.
Video
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The US residential real-estate market will most likely bottom in 2011 and the commercial real-estate market in 2012.
The New Homeowner Hallucination: "We'll Rent For A Year And Then Sell When The Market Comes Back" by Henry Blodget
Article
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Why the Federal Reserve's bank bailouts should be investigated, by Dylan Ratigan and Eliot Spitzer.
HuffingtonPost.com
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The Daily Show video on High-Frequency Trading
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Janet Tavakoli video: The risk of deflationary collapse of the US economy is greater now than in 2007.
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