Using Veritas to Construct the "Per…

29-04-2017 Hits:87246 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:81160 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:81006 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:85476 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:81976 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:84158 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:55222 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:83424 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:83162 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:83053 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:89312 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:87025 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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Anybody in the residential real estate biz can tell you that rentals compete with sales. Sales boom, rentals suffer. Rentals suffer, sales boom. Unless you have an overall crappy macro scene, then everything can suffer some. Well, with the housing boom, raw land became much too expensive to justify building rentals, which effectively have an annuity stream in lieu of the lump sum paybacks of the actual sales. As the market broke, land got cheaper and when combined with the tight housing market caused rents to rise in urban areas, allowed apartment builders to jump into the fray. We haven't even broached the volaitlity of these numbers, being revised up, down, and all around. This is a BAD thing for homebuilders! This is a BAD thing for extant housing inventory looking for sales! This is a BAD thing for banks trying to move REOs! Basically, this just more supply added to a glutted market. For those who even consider buying the builders or banks on this news, caveat emptor! The homebuilders are at a historical low in terms of sentiment - do you think they are lying to themselves? 

From the WSJ :

Home construction turned up unexpectedly in April and showed surprising vigor, making the biggest increase in two years, while building permits also rose, a sign of optimism for the sickly housing sector. How so?!

Housing starts increased 8.2% to a seasonally adjusted 1.032 million annual rate, driven higher by a surge in apartment building construction, the Commerce Department said Friday. Starts plunged 13.8% in March to 954,000, the data showed; Commerce initially estimated March starts down 11.9% to 947,000.

Economists surveyed by Dow Jones Newswires expected April starts to drop by 1.4% to a 934,000-unit annual rate. The 8.2% increase was the largest monthly climb since a 14.0% jump in January 2006.

But year over year, housing starts were 30.6% below the level of construction in April 2007.

Builders have been reluctant to build because demand for new homes has plunged and the supply of unsold property remained high. Reference my descriptions of apartment building motivation above. The latest data show new-home sales, for March, were down 36.6% from a year earlier. On Thursday, the National Association of Home Builders reported its index for sales of new, single-family homes slipped to 19 in May from 20. OK, so home sales are down, yet housing starts are up. So in addition to not being able to sell homes in a sluggish economy, we also have additional inventory added to supply - all the while homebuilders are struggling to survive with devalued inventory, excessive debt and banks and existing homeowners competing with them to dump thier inventory as the mortgage market locks up and banks squeeze lending. Remember, the financial barrier to renting is much lower than that of buying so this is a credible source of competition to the extant homeowners, builders and banks! The gauge is based on a survey of builders asked about prospects for sales.

"The magnitude of the housing bubble was unprecedented, and the corrective process promises to be a long and painful one," MFR Inc. Joshua Shapiro said of the NAHB data. "Hence, it is hardly surprising that builder sentiment is still languishing very near its all-time low." It's about time someone spoke with a modicum of common sense!

Earlier this week, luxury-home builder Toll Brothers Inc. released preliminary results of its fiscal second quarter and reported a 30% drop in home-building revenue. Its chief, Robert I. Toll, said current customer traffic is "the worst we've ever seen" and characterized would-be buyers as "scared." Can you blame them. I'm scared too, and I'm not even a prospective buyer.

Lehman Brothers analyst Michelle Meyer on Thursday said, "We think home sales won't bottom until the end of the third quarter, leaving builders gloomy and cutting construction through the end of the year."

Yet Friday's data showed building permits rose in April by 4.9% to a 978,000 annual rate in April. Analysts expected a drop of 1.8% to 910,000. March permits decreased by 5.0% to 932,000. Permits are a precursor to actual building. Oh yeah, that government datal. It's about as reliable as Paulson's bullshi,,, er, assertions.

April single-family housing starts decreased 1.7% to 692,000. Construction of housing with two or more units soared 36.0% to 340,000; (I'm glad that ain't my money) within that category, groundbreakings of homes with five or more units -- or multi-family -- were 40.5% higher.

Regionally, housing starts increased 24.4% in the Midwest, 3.6% in the South, and 18.5% in the West. Starts in the Northeast fell 12.7%.

Nationwide, an estimated 92,400 houses were actually started in April, based on figures not seasonally adjusted. An estimated 89,000 building permits were issued last month, also based on unadjusted figures.