Using Veritas to Construct the "Per…

29-04-2017 Hits:49185 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:49523 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:48841 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:50712 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:50138 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:52706 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:33730 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:51362 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:51250 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:51560 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:54005 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:53019 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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I am so convinced of the title, that I have compiled a list to illustrate. Of course, I didn't include the home builders in this list since they have obviously been hit, and I didn't include the banks earnings (since they have obviously not been doing well), and I didn't include the mortgage insurers results (since they have been hit hard), and I didn't include the foreclosure rates (since those are dismal), and I didn't include REOs (with CountryWide becoming the largest holder of single family housing in the country), and I didn't include... Well, you get the message. So let's see what I did include in my compilation to show how far away from recession we are...

My team's latest forecast of real estate price trends 4 years forward (the entire table may not fit in this post, width-wise):

 3Q20074Q20071Q20082Q20083Q20084Q20081Q20092Q20093Q20094Q2009201020112012
West-5.30%-4.90%-3.90%-4.10%-3.80%-3.10%-2.70%-2.30%-2.30%-2.00%-2.50%-3.10%-2.20%
North-4.10%-3.80%-2.80%-2.10%-1.80%-0.90%-0.80%-0.70%-0.30%0.20%0.40%3.70%4.10%
Texas-0.80%-0.20%0.20%0.30%0.70%1.30%2.70%5.40%10.80%21.50%30.30%24.20%19.40%
Southeast-6.00%-6.20%-3.90%-2.60%-1.40%-1.20%-0.40%-0.50%-0.60%2.00%-2.70%-8.50%-9.30%
Average-4.10%-3.80%-2.60%-2.10%-1.60%-1.00%-0.30%0.50%1.90%5.40%6.40%4.10%3.00%

----- EXTENDED BODY:

Banking Jobs Lost - Challenger, Gray & Christmas Inc, the consulting firm, said in August the U.S. financial industry had announced 87,962 job cuts this year, 75 percent more than in all of 2006. It said 35,830, or 41 percent, relate to housing market problems.

  • Bank of America, the No. 2 U.S. bank, said it was cutting 3,000 jobs, a majority of them in corporate and investment banking, and the rest elsewhere. The cuts amount to 1.5 percent of the bank's 198,000-person work force.
  • Bear Stearns said on Oct. 3 it was cutting 310 jobs in its mortgage origination businesses as part of a reorganization of its mortgage operations. It had said in August that it cut 240 subprime lending jobs.
  • Credit Suisse on Sept. 26 cut 150 jobs in its mortgage-backed securities business.
  • Capital One, an independent credit card issuer, said on Aug. 20 it will eliminate 1,900 jobs. In June, it announced plans to cut 2,000 jobs.
  • Citigroup said on April 11 that it would eliminate 17,000 jobs and move an additional 9,500 jobs to lower-cost locations.
  • Countrywide Financial, the largest U.S. mortgage lender, plans to cut 10,000 to 12,000 jobs, or up to 20 percent of its work force. It said on Oct. 16 that it expected a $125 million to $150 million pretax restructuring charge from the move.
  • HSBC Holdings' U.S. mortgage unit said on Sept. 5 it would cut about 600 jobs.
  • JPMorgan Chase, the No. 3 U.S. bank, is cutting 100 jobs across its global credit markets unit, or about 10 percent of that group's head count, people familiar with the situation told Reuters on Oct. 11.
  • Lehman Brothers Holdings said it will fire another 850 workers, or about 3 percent of its work force. The cuts come after the investment bank said it was cutting 1,600 jobs.
  • Morgan Stanley said on Oct. 17 it was cutting about 300 jobs in its institutional securities division, mostly in mortgages. On Oct. 2, it said it would restructure its residential mortgage business and cut about 600 employees.
  • National City, the ninth-largest U.S. bank, said on Oct. 24 it is eliminating 2,500 jobs, 1,200 more than it disclosed the month before, after it merged its home equity and mortgage lending units.
  • SunTrust Banks, the seventh-largest U.S. bank, said on Aug. 20 that it plans to eliminate about 2,400 jobs by the end of 2008.
  • Wachovia, the fourth-largest U.S. bank, said on Aug. 28 it plans to eliminate about 2,000 of 2,600 jobs at the Richmond, Virginia headquarters of its Wachovia Securities brokerage unit as part of the company's acquisition of A.G. Edwards. The company also said recently it plans to eliminate about 200 investment banking jobs, or roughly 5 percent of its 3,900-strong investment banking operations.
  • Washington Mutual, the largest U.S. savings and loan, is laying off 1,000 employees as it copes with slumping housing demand.
  • Wells Fargo, the fifth-largest U.S. bank, said on July 26 it would cut 170 jobs
    "Imploded" Lenders:

    175. Bank of America (subsidiaries)
    174. Diablo Funding Group Inc.
    173. Honor State Bank
    172. Spectrum Financial Group
    171. National City - Home Equity, Correspondent
    170. Priority Funding Mortgage Bankers
    169. BrooksAmerica Mortgage Corp.
    168. Valley Vista Mortgage
    167. New State Mortgage Company
    166. Summit Mortgage Company
    165. WMC
    164. Paragon Home Lending
    163. First Mariner Wholesale
    162. The Lending Connection
    161. Foxtons, Inc.
    160. SCME Mortage Bankers (Wholesale)
    159. Aapex Mortgage (Apex Financial Group)
    158. Wells Fargo (various Correspondent and Non-prime divisions)
    157. Nationstar Mortgage
    156. Decision One (HSBC)
    155. Impac Lending Group (Wholesale)
    154. E-Trade Wholesale Lending
    153. Long Beach (WaMu Warehouse/Correspondent)
    152. Expanded Mortgage Credit Wholesale
    151. The Mortgage Store Financial
    150. C & G Financial
    149. CFIC Home Mortgage
    148. BrokerSource (BSM Financial - Wholesale)
    147. All Fund Mortgage
    146. LownHome Financial
    145. Sea Breeze Financial Services
    144. Castle Point Mortgage
    143. Premium Funding Corp
    142. Group One Lending
    141. Allstate Home Loans / Allstate Funding
    140. Home Loan Specialists (HLS)
    139. Transnational Finance Wholesale
    138. CIT Home Lending
    137. Capital Six Funding
    136. Mortgage Investors Group (MIG) - Wholesale
    135. Amstar Mortgage Corp
    134. Quality Home Loans
    133. BNC Mortgage (Lehman)
    132. Accredited Home Lenders, Home Funds Direct
    131. First National Bank of Arizona (FNBA) Wholesale, Correspondent
    130. Chevy Chase Bank Correspondent
    129. GreenPoint Mortgage - Capital One Wholesale
    128. NovaStar (Wholesale), Homeview Lending
    127. Quick Loan Funding
    126. Calusa Investments
    125. Mercantile Mortgage
    124. First Magnus
    123. First Indiana Wholesale
    122. GEM Loans / Pacific American Mortgage (PAMCO)
    121. Kirkwood Financial Corporation
    120. Lexington Lending
    119. Express Capital Lending
    118. Deutsche Bank Correspondent Lending Group (CLG)
    117. MLSG
    116. Trump Mortgage
    115. HomeBanc Mortgage Corporation
    114. Mylor Financial
    113. Aegis
    112. Alternative Financing Corp (AFC) Wholesale
    111. Winstar Mortgage
    110. American Home Mortgage / American Brokers Conduit
    109. Optima Funding
    108. Equity Funding Group
    107. Sunset Mortgage
    106. Fieldstone Mortgage Company
    105. Nations Home Lending
    104. Entrust Mortgage
    103. Alera Financial (Wholesale)
    102. Flick Mortgage/Mortgage Simple
    101. Dollar Mortgage Corporation
    100. Alliance Bancorp
    99. Choice Capital Funding
    98. Premier Mortgage Funding
    97. Stone Creek Funding
    96. FlexPoint Funding (Wholesale & Retail)
    95. Starpointe Mortgage
    94. Unlimited Loan Resources (ULR)
    93. Freestand Financial
    92. Steward Financial
    91. Bridge Capital Corporation
    90. Altivus Financial
    89. ACT Mortgage
    88. Alliance Mortgage Banking Corp (AMBC)
    87. Concord Mortgage Wholesale
    86. Heartwell Mortgage
    85. Oak Street Mortgage
    84. The Mortgage Warehouse
    83. First Street Financial
    82. Right-Away Mortgage
    81. Heritage Plaza Mortgage
    80. Horizon Bank Wholesale Lending Group
    79. Lancaster Mortgage Bank (LMB)
    78. Bryco (Wholesale)
    77. No Red Tape Mortgage
    76. The Lending Group (TLG)
    75. Pro 30 Funding
    74. NetBank Funding, Market Street Mortgage
    73. Columbia Home Loans, LLC
    72. Mortgage Tree Lending
    71. Homeland Capital Group
    70. Nation One Mortgage
    69. Dana Capital Group
    68. Millenium Funding Group
    67. MILA
    66. Home Equity of America
    65. Opteum (Wholesale, Conduit)
    64. Innovative Mortgage Capital
    63. Home Capital, Inc.
    62. Home 123 Mortgage
    61. Homefield Financial
    60. First Horizon Subprime, Equity Lending
    59. Platinum Capital Group (Wholesale)
    58. First Source Funding Group (FSFG)
    57. Alterna Mortgage
    56. Solutions Funding
    55. People's Mortgage
    54. LowerMyPayment.com
    53. Zone Funding
    52. First Consolidated (Subprime Wholesale)
    51. EquiFirst
    50. SouthStar Funding
    49. Warehouse USA
    48. H&R Block Mortgage
    47. Madison Equity Loans
    46. HSBC Mortgage Services (correspondent div.)
    45. Sunset Direct Lending
    44. Kellner Mortgage Investments
    43. LoanCity
    42. CoreStar Financial Group
    41. Ameriquest, ACC Wholesale
    40. Investaid Corp.
    39. People's Choice Financial Corp.
    38. Master Financial
    37. Maribella Mortgage
    36. FMF Capital LLC
    35. New Century Financial Corp.
    34. Wachovia Mortgage (Correspondent div.)
    33. Ameritrust Mortgage Company (Subprime Wholesale)
    32. Trojan Lending (Wholesale)
    31. Fremont General Corporation
    30. DomesticBank (Wholesale Lending Division)
    29. Ivanhoe Mortgage/Central Pacific Mortgage
    28. Eagle First Mortgage
    27. Coastal Capital
    26. Silver State Mortgage
    25. ResMAE Mortgage Corporation
    24. ECC Capital/Encore Credit
    23. Lender's Direct Capital Corporation (wholesale division)
    22. Concorde Acceptance
    21. DeepGreen Financial
    20. Millenium Bankshares (Mortgage Subsidiaries)
    19. Summit Mortgage
    18. Mandalay Mortgage
    17. Rose Mortgage
    16. EquiBanc
    15. FundingAmerica
    14. Popular Financial Holdings
    13. Clear Choice Financial/Bay Capital
    12. Origen Wholesale Lending
    11. SecuredFunding
    10. Preferred Advantage
    9. MLN
    8. Sovereign Bancorp (Wholesale Ops)
    7. Harbourton Mortgage Investment Corporation
    6. OwnIt Mortgage
    5. Sebring Capital Partners
    4. Axis Mortgage & Investments
    3. Meritage Mortgage
    2. Acoustic Home Loans
    1. Merit Financial

    Ailing/Watch List Lenders:
    11. Countrywide Financial
    10. ComUnity Lending
    9. Secured Bankers Mortgage Company (SBMC)
    8. Delta Financial Corp
    7. Meridias Capital
    6. Option One
    5. Ocwen Loan Servicing
    4. Doral Financial Corp.
    3. Evergreen Investment/Carnation Bank
    2. Coast Financial Holdings, Inc.
    1. Residential Capital, LLC*
    "Imploded*" Funds:

    21. Niederhoffer Matador Fund
    20. Absolute Capital Management Holdings
    19. Pirate Capital (Activist Funds)
    18. Synapse High Grade ABS Fund
    17. Cheyne Finance LLC (Cheyne Capital Management)
    16. Geronimo Multi-Strategy, Sector Opportunity, and Option & Income
    15. Basis Capital Fund Management, Ltd. - Basis Yield Alpha
    14. Solent Capital Partners LLP, Mainsail II
    13. Sentinel Mangement Group
    12. Sachsen LB: Ormond Quay conduit fund
    11. Parvest Dynamic ABS, BNP Paribas ABS Euribor and BNP Paribas ABS Eonia (BNP Paribas)
    10. Union Investment Asset Management Holding AG
    9. Oddo: Cash Titrisation; Cash Arbitrages; and Court Terme Dynamique
    8. Sowood Capital Management
    7. Galena Street Fund
    6. United Capital Markets Holdings Inc.: Horizon Strategy
    5. Caliber Global Investment
    4. Lake Shore Asset Management
    3. Ritchie Capital Management
    2. Bear Stearns: High Grade Structured Credit Strategies Enhanced Leveraged Fund; High Grade Structured Credit Strategies Fund
    1. Dillon Reed Capital Management (UBS)

    Historical Implosions:

    1. Amaranth Advisors [2006-09]
    2. MotherRock [2006-08]
    3. International Management Associates LLC [2006-02]
    4. Wood River Capital Management [2005-10]
    5. Bayou Group [2005-07-27]
    6. GLT Venture Fund [2007-07]
    7. KL Group [2005-03]
    8. Eifuku Master Fund [2005-01]
    9. Long-Term Captial Management (LTCM) [1998-12-31]
    10. Askin Capital Management [1994]

     

    Ailing/Watch List*:

    16. Ellington Capital Mgmt. (certain funds)
    15. Golden Key Ltd.
    14. Queen's Walk Investment, Ltd. (Cheyne Capital Management)
    13. Carlyle Capital Corporation
    12. Capital Fund Management
    11. John W. Henry & Co.
    10. Campbell & Co.
    9. Tykhe Capital, LLC
    8. North American Equity Opportunities and Global Alpha (Goldman Sachs)
    7. Black Mesa fund
    6. Second Curve Capital (various funds)
    5. Axa IM
    4. Macquarie Fortress Investments Ltd.
    3. Frankfurt Trust
    2. Absolute Capital (Yield Strategies funds)
    1. Mariner Bridge