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Prieur’s readings (October 26, 2009)

This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. • George Soros (Financial Times): Do not ignore the need for financial reform , October 25, 2009

Gerald Celente: “There is no economic recovery- it’s a cover-up”

In this video clip, James Corbert of thecorbertreport.com interviews Gerald Clemete of TrensReseach.com on the lie of the US economic landscape. “There  is no economic recovery – it’s a cover-up,” says Celente. The following on Celente via Wikipipedia: Gerald Celente (born November 29, 1946) is a United States trend forecaster, publisher of the Trends Journal , business consultant and author who makes predictions about the global financial markets and other events of historical importance.

Democrats Allow ACORN To Have Authority Over Financial Institutions

You have got to be kidding me : During consideration of H.R. 3126, legislation to establish a Consumer Financial Protection Agency (CFPA), Democrats on the House Financial Services Committee voted to pass an amendment offered by Rep

The “Dis-Savings” Glut

This morning the price of oil rose over $79.

The New Housing Crisis

US foreclosures jumped to an all-time high of 937,840 in the third quarter. That’s a 23% rise from the same time last year, says a report from RealtyTrac today. One in every 136 households received a filing — also a record.

Should I Accept The Challenge To Pull A Pig To Scotland?

I have been challenged by members of the Raffles Club to travel from Kent, England to Ayrshire, Scotland whilst pulling an adult pig in a cart. To add to the Challenge, I must wear diving flippers.

Auto Loan For Bad Credit Drivers With Tight Budget

You can consider following tips while looking for an auto loan for bad credit . Most lenders are afraid to give money away to people with a bad rating, and rightfully so for the most part. Finding the right dealer there is a large number of automobile dealers in the market.

The legends are true… The Brodburger is real…

Since April RiotACT has had increasing amounts of chatter surrounding the Brodburger. According to legend a master of Kitchen Stadium and his restaurant partners had been wiped out by investing in mortgage backed securities and forced to wander the earth making sublime burgers in a caravan, eventually coming to rest, somewhat in the manner of Brigadoon,

Real Estate Pick (2009-10-07 17:00)

The Role of Fannie Mae and Freddie Mac in The Multi Family Sector Most of the mortgages in this country are indirectly held by the US Government, since the demise of the secondary markets. A quick look at how these institutions have helped provide liquidity in this crises is interesting. Whether you think that they have done a good job by providing liquidity in this crises or whether they have absorbed a level of debt that is unwise remains to be seen.

Embracing Short Sales

Michael Saunders & Company Photo Credit: gettyimage.comVery few terms in the real estate lexicon have the ability to incite major heartburn faster than “short sale.” Once a largely unknown (and poorly understood) process to even the most experienced agents, the term has bullied its way into common everyday usage thanks to continued fallout from the contracting economy, the mortgage meltdown and acute sluggishness in the now-recovering housing sector. Simply put, a short sale is a transaction