Using Veritas to Construct the "Per…

29-04-2017 Hits:82091 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:77728 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:77298 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:82044 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:78636 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:80930 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:47813 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:79638 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:79162 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:79711 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:84682 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:81635 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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From Bloomberg :

U.S. Economy: Housing Starts Unexpectedly Increased in February

By Shobhana Chandra and Courtney Schlisserman

March 17 (Bloomberg) -- U.S. housing starts in February unexpectedly snapped the longest streak of declines in 18 years, raising optimism the market may be finally finding a floor. This nonsense search for a "floor" will end up making people who use to be rich, but became poorer, well,,, poorer! If one were to take their head out of the staid economics tomes and simply look around one would notice that the last thing one needs around here is more houses.

Work began on 583,000 homes at an annual rate, a 22 percent increase from January that was propelled by a surge in condominiums, apartments and townhouses, Commerce Department figures in Washington showed today. A separate report showed gains in producer prices slowed, underscoring a lack of inflationary pressures with the economy in a recession. Even worse than more houses is more condominiums! Peruse any dense or populous urban area and you will be perusing significant excess condo inventory, sitting right next to condos under construction, probably accompanied by condos who didn't get started yet due to oversupply and a dearth of last minute financing - all most likely surrounded by condos that are not selling very quickly, engulfed by rentals who are really converted condo units that couldn't sell --- and somehow some are rejoicing about a surge in condo unit construction!???

“It’s a bit too early to get too excited, but we are nearing the bottom in housing,” said Scott Anderson, senior economist at Wells Fargo & Co. in Minneapolis, who had forecast an increase in starts. I betcha we aren't! Look at a graph of inflation-adjusted housing prices and explain to me just why any fairly bright, objective person would think we are nearing a bottom in pricing given the current credit and macro environment.

Click this graph to enlarge to print quality.

shiller_house_price_graph.png.png

See also "Will someone tell our government that you can't legislate high asset prices?", "I guess I need to go back to DC", and Regarding Housing Price Decline, You Ain't Seen Nothing Yet" for more o this topic.

The lifting gloom pushed up builder shares, led by gains at Toll Brothers Inc., the nation’s largest developer of luxury homes, and Miami-based Lennar Corp. The Standard & Poor’s 500 Supercomposite Homebuilding Index advanced 3.7 percent to 184.19 at 12:09 p.m. in New York. For those who have the heart to short single digit companies, this may be your chance. As if these guys actually need more competition in selling their properties in to a poorly financed, broken balance sheeted, glut of buyers during a near depression!

Building permits, a sign of future construction, rose less than starts, indicating construction may again slow. Of course they did! The surge in condo development is a glitch, most likely stemming from lenders trying to create finish product out of non-performing loans. Ask Corus, the Florida condo development loan specialist. I was short the in '07, they trade at about $2 now. Or maybe you can take the disucssion up with IndyMac bank? Developers are still contending with record foreclosures that depress prices and profits, and put pressure on the Federal Reserve, which meets today and tomorrow, and the Obama administration to solve the credit crisis. The banks are some of the developers biggest competitors as they dump foreclosed and REO inventory back onto the street at firesale less a bargain prices.

Starts were projected to fall to a 450,000 annual pace, according to the median forecast of 71 economists surveyed by Bloomberg News. Estimates ranged from 400,000 to 500,000. January’s starts were revised up to 477,000 from a previously estimated 466,000. Yeah, stats and projections. How many rich economist do you know of who made their money by predicting the market accurately????

More Permits

Permits increased 3 percent to a 547,000 annual pace. They were forecast to drop to a 500,000 annual rate, according to the survey median.

“You get the sense from a lot of the data coming out now that we’re beginning to get to a bottom,” Nariman Behravesh, chief economist at IHS Global Insight in Lexington, Massachusetts, said in an interview with Bloomberg Television. “We’re not quite there yet.” Not even close. It was more than 25 years before the housing market recovered during the depression.