Using Veritas to Construct the "Per…

29-04-2017 Hits:84664 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...

Read more

The Veritas 2017 Token Offering Summary …

15-04-2017 Hits:79128 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.

Read more

What Happens When the Fund Fee Fight Hit…

10-04-2017 Hits:78971 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...

Read more

Veritaseum: The ICO That's Ushering in t…

07-04-2017 Hits:83463 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...

Read more

This Is Ground Zero for the 2017 Veritas…

03-04-2017 Hits:80024 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...

Read more

What is the Value Proposition For Verita…

01-04-2017 Hits:82332 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...

Read more

This Real Estate Bubble, Like Some Relat…

28-03-2017 Hits:53306 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...

Read more

Bloomberg Chimes In With My Warnings As …

28-03-2017 Hits:81343 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...

Read more

Our Apple Analysis This Week - This Comp…

27-03-2017 Hits:81338 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...

Read more

The Country's First Newly Elected Lame D…

27-03-2017 Hits:81150 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...

Read more

Sears Finally Throws In The Towel Exactl…

22-03-2017 Hits:87000 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.

Read more

The Transformation of Television in Amer…

21-03-2017 Hits:85017 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...

Read more

Reprinted from 10/8/07 - In part two of my tabloid series, I will take a look at the major profit centers of the builders, and take a look at how the banks (who say the malaise is now behind them) that loaned them money are fairing in those areas. Remember, if home builders bought their land before the boom, their cost basis will tend to be relatively low. This is of little consolation to many builders since the fever hit nearly everybody during the boom, recognized by me as being from the 2nd half of '00 to '06.

Well, let's jump straight to the gist of the matter. The biggest money makers for the builders have now become the biggest busts. Funny, how bubbles work like that. If I am not mistaken, all of the big public guys bought a lot of land and developed hard in Las Vegas. How are the banks that lent to them and their clients fairing? Remember, these numbers are just for the last 10 weeks. I want to be clear to all how quickly I perceive things deteriorating. This is not just a short term trend, either. Look at the 5 month trend in part I of this series. The next reporting period, assuming we are all honest (which is not happening all that often these days), should be most revealing.

Builder Profit Center - Las Vegas

Hey, those who are long Countrywide, watch out below!!!

Washington DC Metro Area

As usual, CFC shareholders, look out below! But wait, the Indy Mac guys might just land on your head if you are not careful. These banks are booking large amounts of real estate that is worth less and less EACH WEEK.

Riverside, CA

As usual, those CFC guys should realize they are now in the housing business.

Atlanta, GA - Here I included the GSEs to show how deep the gov't agencies are in this mess. Places like Chi-town, the Motor City, and Atlanta are actually led by the GSEs, second only to Countrywide (of course) and probably the home builders.

Of course, there are more MSAs to cover, but I think you get the message. In two weeks, I will go into what I have calculated as the Bubble, Bank and Builder Bankruptcy Index (the BBBBI :-0). I will be working on a piece that will show at least one builder going bankrupt before the end of the earnings season. What does that mean? It means the banks will run on all of the other marginal builders, massive amounts of debt will get devalued (further), and land values will plummet even harder. This will make the not so marginal builders more marginal because there debt will be under more scrutiny and their inventory will be worth even less. This will then bounce back to the banks holding the REOs and the homeowners trying to sell.

In the meantime, over the next few posts I will share the dirt that I learned of the banking and building industry. It will make this stuff look like good news.