Using Veritas to Construct the "Per…

29-04-2017 Hits:94664 BoomBustBlog Reggie Middleton

Using Veritas to Construct the "Perfect" Digital Investment Portfolio" & How to Value "Hard to Value" tokens, Pt 1

The golden grail of investing is to find that investable asset that provides the greatest reward with the least risk. Alas, despite how commonsensical that precept seems to be, many...

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The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:85555 BoomBustBlog Reggie Middleton

The Veritas 2017 Token Offering Summary Available For Download and Sharing

The Veritas Offering Summary is now available for download, which packs all the information about Veritas in a single page. A step by step guide to purchasing Veritas can be downloaded here.

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What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:85932 BoomBustBlog Reggie Middleton

What Happens When the Fund Fee Fight Hits the Blockchain

A hedge fund recently made news by securitizing its LP units as Ethereum-based tokens and selling them as tradeable (thereby liquid) assets. This brings technology to the VC industry that...

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Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:90034 BoomBustBlog Reggie Middleton

Veritaseum: The ICO That's Ushering in the Era of P2P Capital Markets

Veritaseum is in the process of building peer-to-peer capital markets that enable financial and value market participants to deal directly with each other on a counterparty risk-free basis in lieu...

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This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:88464 BoomBustBlog Reggie Middleton

This Is Ground Zero for the 2017 Veritas Offering. Are You Ready to Get Your Key to the P2P Capital Markets?

This is the link to the Veritas Crowdsale landing page. Here is where you will be able to buy the Veritas ICO when it is launched in mid-April. Below, please...

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What is the Value Proposition For Verita…

01-04-2017 Hits:88204 BoomBustBlog Reggie Middleton

What is the Value Proposition For Veritas, Veritaseum's Software Token?

 A YouTube commenter asked a very good question that we will like to take some time to answer. The question was, verbatim: I've watched your video and gone through the slides. The exchange...

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This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:59346 BoomBustBlog Reggie Middleton

This Real Estate Bubble, Like Some Relationships, Is Complicated...

CNBC reports US home prices rise 5.9 percent to 31-month high in January according to S&P CoreLogic Case-Shiller. This puts the 20 city index close to an all time high, including...

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Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:87803 BoomBustBlog Reggie Middleton

Bloomberg Chimes In With My Warnings As Landlords Offer First Time Ever Concessions to Retail Renters

Over the last quarter I've been warning about the significant weakness in retailers and the retail real estate that most occupy (links supplied below). Now, Bloomberg reports: Manhattan Landlords Are Offering...

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Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:87343 BoomBustBlog Reggie Middleton

Our Apple Analysis This Week - This Company Is Not What Most Think It IS

We will releasing our Apple forensic analysis and valuation this week for subscribers (click here to subscribe - lowest tier is the same as a Netflix subscription). As can be...

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The Country's First Newly Elected Lame D…

27-03-2017 Hits:87690 BoomBustBlog Reggie Middleton

The Country's First Newly Elected Lame Duck President Will Cause Massive Reversal Of Speculative Gains

Note: Subscribers should reference  the paywall material here for stocks that should give a good risk/reward scenario for bearish trades. The Trump administration's legislative outlook is effectively a political desert, with...

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Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:94106 BoomBustBlog Reggie Middleton

Sears Finally Throws In The Towel Exactly When I Predicted "has ‘substantial doubt’ about its future"

My prediction of Sears collapsing once interest rates started ticking upwards was absolutely on point.

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The Transformation of Television in Amer…

21-03-2017 Hits:91389 BoomBustBlog Reggie Middleton

The Transformation of Television in America and Worldwide

TV has changed more in the past 10 years than it has since it's inception nearly 100 years ago This change is profound, and the primary benefactors look and act...

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Consumer debt delinquincies are rising. They are rising more than they have ever risen before (at least on record. See the latest data from the Fed: pdf Fed_consumer_credit_outstanding_june_2009 09/07/2009,08:07 15.40 Kb then read the following article from

WASHINGTON (MarketWatch) -- The number of consumers who were delinquent on their loans rose to a record level in the first quarter of 2009, according to the American Bankers Association.

The ABA's composite ratio, which tracks delinquencies in eight consumer loan categories, rose to 3.23% in the first quarter, compared to 3.22 % in the previous quarter. The delinquent balances on those accounts also rose from 3.16 % to 3.35 % of total balances due. The ABA report defines a delinquency as a late payment that is 30 days or more overdue.


The ABA cites high job losses as a major factor for the delinquencies.

"The number one driver of delinquencies is job loss," said ABA Chief Economist James Chessen in a statement. "When people lose their jobs, they can't pay their bills. Delinquencies won't improve until companies start hiring again and we see a significant economic turnaround."

Chessen added that job growth is not likely to improve in the foreseeable future.

"However, many people are taking greater control of their finances by cutting spending, lowering debt and saving more money," he said.

In addition to overall loan delinquencies, the ABA reported that bank card delinquencies, which are credit cards provided by a bank, rose to 4.75 %, from 4.52% in the previous quarter. The balances on those delinquent accounts rose to 6.6 % of the value of all outstanding bank card debt - marking a new record - from 5.52 %.

Other delinquent rates reported by the ABA:

  • Home equity loan delinquencies increased to 3.52 % from 3.03 %.

  • Mobile home loan delinquencies increased to 3.7 % from 2.96 %.

  • Personal loan delinquencies increased to 3.47 % from 2.88 %.

  • Direct auto loan delinquencies increased to 3.01 % from 2.03 %.

  • RV loan delinquencies increased to 1.52 % from 1.38 %.

  • Property improvement loan delinquencies decreased to 1.46 % from 1.75 %.

  • Indirect auto loan delinquencies decreased to 3.42 % from 3.53 %.

  • Marine loan delinquencies decreased to 2.04 % from 2.35 %.