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In Shocking Tirade Putin Warns The US: Screw Your Ukraine Gas Loan Guarantees. I Want My Cash Now & I Prefer Euros

Did Putin just put an end to the America’s living large IOU party financed by the Chinese/Japanese credit and the FED printing? It sure looks that way. After destabilizing Ukraine and plunging that country it outer chaos, the US has agreed to provide Ukraine with Loan Guarantees to help pay for a massive $15 Billion debt to Russia.  Yet, Putin, now wise to the American bullshit is not buying it. Instead, he demands CASH and he wants it in Euros. The CASH that America doesn’t have.  

That is on top of a massive gas/oil deal that Russia is about to sign with China. A deal where Russia has asked China to pay in Euros instead of “Petrodollar”.  Thus far, China has responded with “We don’t have a problem with that”. So, will this combination deliver a death blow to the Dollar as a reserve currency which will, in turn, send the US Economy into the pits of the next Great Depression? We don’t believe so. As we suggested earlier, the US/World Economy is too reliant on the US Dollar and it will take a lot more than this to cause the USD to blow sky high. Yet, Putin’s action puts a first and a massive dent into the USD’s armor….. make no mistake about it

Come on Obama, lets hit Russia with more sanctions. 

z13

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In Shocking Tirade Putin Warns The US: Screw Your Ukraine Gas Loan Guarantees. I Want My Cash Now & I Prefer Euros Google

US loan guarantees to help Ukraine are worthless – Putin

Washington’s offer to provide $1 billion in loan guarantees to help Ukraine is worthless as there are no banks willing to finance the recovery of crisis-hit country, President Vladimir Putin said Friday. Putin called Washington’s negative response to his letter addressed to European leaders, which contains proposals on how to solve the Ukrainian crisis, “a bit strange” as the United States was able so far only to offer guarantees rather than actual loans.

“What are these guarantees to the banks that would be ready to issue loans, but there are no such banks, which means there is no aid,” Putin said at a meeting with members of Russia’s Security Council. “We are seriously concerned about this,” he added.

Putin says Russia will fulfill its obligations to European gas clients

Russia will fully honor its obligations to supply natural gas to European partners, Russian President Vladimir Putin said.

“Russia is acting very neatly, very considerately and respectfully towards our partners. We will certainly guarantee in full the honoring of all our obligations to our European consumers. We are not the problem, the problem is ensuring transit via Ukraine,” Putin said at a Russian Security Council session on Friday.

Putin calls Ukraine’s non-payment for consuming Russian gas ‘completely intolerant’

Russian President Vladimir Putin on Friday called the Ukrainea’s non-payment for gas consumption “completely intolerable.” “The situation’s dramatization includes the fact that in the first quarter of this year [Ukraine] had the lowest gas prices, and even at those prices our Ukrainian partners stopped paying.

On April 7, there was another payment due according to the gas contract for March of this year. Out of the $540 million owed, not a single dollar or ruble was paid. Absolutely nothing, zilch,” Putin said. “This is an absolutely intolerable situation,” the president said.

Russian President urges Europe to help prevent economic ‘chaos’ in Ukraine

Russian President Vladimir Putin on Friday urged Europe to help prevent Ukraine’s economy from “slipping into complete chaos.”

“What is the current number-one problem? It is that Russia can’t carry this burden single-handed. It is for this reason that we have suggested to our European partners and friends that all of us meet as soon as possible and map out ways of support for the Ukrainian economy,” Putin said at a meeting of Russia’s Security Council.

He said anyone who is a friend of Ukraine and loves the Ukrainian people should help prevent the country from defaulting on its debts.

“Dumplings in the Maidan can’t do the job. That’s not enough to prevent the Ukrainian economy from slipping into complete chaos,” Putin said.

Shocking: As Middle Class Collapses, Family Dollar To Replace It’s Stores With Prada, Gucci and Versace Outlets

In yet another sing that the US Economy is on fire, Family Dollar Stores Inc (FDO) announced that they will be closing 370 stores and slowing their new-store growth after their net income collapsed 35% from a year ago. Family Dollar is said to be feeling the pinch after it’s lower and middle class customer base has been decimated by the FED for the benefit of the rich. Family Dollar anticipates that it will be able to transfer most of it’s closed store leases to the likes of Prada, Gucci and Versace. Enough said. 

family dollar stores

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Shocking: As Middle Class Collapses, Family Dollar To Replace It’s Stores With Prada, Gucci and Versace Outlets Google

OBJ Writes: Family Dollar to close 370 stores

Family Dollar Stores Inc. will close 370 stores, slow new-store growth and take other strategic actions as its earnings continue to falter.

On Thursday morning, the Matthews, N.C.-based discount retailer (NYSE: FDO) said its net income fell 35 percent to $90.9 million, or 80 cents per diluted share, for the second fiscal quarter ended March 1.

In the same period last year, the company earned $140.1 million, or $1.21 per diluted share.

Family Dollar intends to take what it describes as “immediate, strategic actions,” said CEO Howard Levine.

That includes plans to close approximately 370 underperforming stores and reduce the company’s work force.

Family Dollar also plans to slow new-store growth beginning in fiscal 2015, with plans to open between 350 and 400 stores. That’s down from 525 stores this fiscal year.

Family Dollar operates about 8,100 stores in 46 states, including about 44 stores in Central Florida. It has about 34,000 employees.

Mainstream Financial Media Anticipates A Devastating Stock Market Collapse Of…Wait For It….

5-7%. But not to worry, the markets will surge higher thereafter, so “Buy The Dip”. 

What a bunch of jackasses!!! 

iShares NASDAQ Biotechnology Index (ETF) is already down 20%. If you follow the advice above you will get your portfolio or retirement account shredded into pieces. Would you be interested in highly unique financial analysis that can predicts the markets? I have to warn you thou. What it shows is not pretty. Certainly not the 5-7% drop. Still interested? Here are a few reports you can start with

 CNBC Idiots

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Mainstream Financial Media Anticipates A Devastating Stock Market Collapse Of…Wait For It…. Google

Talking Numbers: The correction is on. Here’s how bad it’s going to get.

Thursday wasn’t just bad for the markets, it stunk.

While the Nasdaq composite index saw its worst loss since 2011, the market benchmark S&P 500 index lost 2 percent and is now negative for the year. Only 21 stocks in the S&P 500 were either positive or flat Thursday and the index ended the day at 1,833.08.

And, it may get worse before it gets better.

Chad Morganlander, portfolio manager at Stifel’s Washington Crossing Advisor, sees the potential for a 5 to 7 percent correction in the S&P 500 over the coming months. That could come as the Federal Reserve continues to taper its monetary stimulus program. During that time, according to Morganlander, investors will flee to more defensive, quality names.

However, the year may end on a positive note, Morganlander believes.

“We think in 2014, a 6 to 8 percent total return on the S&P 500 could in fact happen,” he said. “That would be on the back of around 3 percent GDP growth [and] earnings growth of 6.5 percent, which would get your S&P earnings to $115.”

Though Morganlander also sees somewhat higher revenues ahead for companies, stocks will also be pushed up with continued share buybacks.

“You have revenue growth of around 3 percent,” predicted Morganlander. “Perhaps you have buybacks of 2 percent of the total amount of shares. And, overall total amount of return is around 6 to 7 to 8 percent on the market.”

Ari Wald, head of technical analysis at Oppenheimer & Co., agrees with Morganlander that a correction could be ahead, though he sees it in a range between 6 and 8 percent. And, like Morganlander, he also thinks the market will close the year on the upside.

“For the S&P 500, I’m still remaining positive,” said Wald. “I think we do get that 6 to 8 percent correction. We’re due for one. Summertime is when you would expect it.”

Wald thinks investors should pay attention to the fact that the S&P 500 still trades above its 200-day moving average.

“Sometimes, it’s just as easy to follow the trend and follow the rising slope of the S&P 500’s 200-day moving average,” said Wald. “The tactical opportunities are on the downside, to buy dips rather than to sell rallies.”

The important level to watch, according to Wald, is one the S&P 500 just broke below: 1,840.
“If you can’t hold that,” said Wald, “maybe that correction comes a little bit sooner rather than

Obama Wins A Prestigious F#&# The Press & Freedom Award. George Washington Flips In His Grave

“Change We Can All Believe In”  Yep, change for the worst. Now, before you send me conservative love letters or liberal hate mail, understand, I am neither…..so don’t bother.  It is time Americans take back their freedom and liberty from warmongers in Washington. It is only my hope that the upcoming bear market and a severe recession in the US Economy will wake some people up. 

On Wednesday this week, the Thomas Jefferson Center for the Protection of Free Expression announced that the US Justice Dept. had topped this year’s list of “Jefferson Muzzle” recipients, an award handed out every April since 1992 “as a means to draw national attention to abridgments of free speech and press and, at the same time, foster an appreciation for those tenets of the First Amendment.”

The White House Press Office was listed in the second slot among this year’s “winners,” trailed immediately by a third-place tie between the National Security Agency and the Department of Homeland Security.

And that is precisely why President Obama should be declared an enemy of the state and sent to Gitmo. 

obama

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Obama Wins A Prestigious F#&# The Press & Freedom Award. George Washington Flips In His Grave Google

RT Writes: Obama administration wins Jefferson Muzzle award for restricting free press

The United States Department of Justice and the White House Press Office are this year’s top winners of a dubious award extended to those considered to be “responsible for some of the more egregious or ridiculous affronts to First Amendment principles.”

On Wednesday this week, the Thomas Jefferson Center for the Protection of Free Expression announced that the US Justice Dept. had topped this year’s list of “Jefferson Muzzle” recipients, an award handed out every April since 1992 “as a means to draw national attention to abridgments of free speech and press and, at the same time, foster an appreciation for those tenets of the First Amendment.”

The White House Press Office was listed in the second slot among this year’s “winners,” trailed immediately by a third-place tie between the National Security Agency and the Department of Homeland Security.

It isn’t unusual for the free-speech loving organization named in honor of the third president of the US to condemn federal agencies for infringing on the constitutional rights of American citizens, but the Obama administration swept this year’s honors, undoubtedly lending further credence to allegations that the White House has ravaged First Amendment-protected freedoms by interfering and attempting to influence even the most venerable mainstream press outlets in the country.

According to the Jefferson Center, first place honors this year were awarded to the Justice Dept. due to the Obama administration’s relentless aggressive pursuit of individuals alleged to have leaked government information, while the press office’s routine shunning of journalists from official functions in exchange for regularly relying on a private White House photographer earned that department second place standing. The NSA and DHS were selected not as a result of any new infringing policies put in place by those offices, however, but rather because they went after Americans who parodied the official government seals of either department.

Elsewhere on this year’s list of winners are the North Carolina General Assembly Police and the Kansas Board of Regents rounding out the top five, followed by Modesty Junior College, the Tennessee State Legislature and the principals of schools in Florida and New Jersey.

From the White House to the statehouse, from universities to high schools, members of the press have had to defend against a variety of challenges, some never seen before,” Jefferson Center Director Josh Wheeler said in a statement this week.

Indeed, the Obama White House in particular has been accused in recent years of treating the press in a manner unheard of since the administration of Richard Nixon — an allegation that would seem overblown had it not been made by the likes of the internationally renowned Committee to Protect Journalists and some of the country’s most well respected reporters.

I think we have a real problem,” New York Times national security reporter Shane Scott told the CPJ for their report on eroding press freedoms in the US last October. The administration’s prosecution and persecution of leakers was having a real “deterrent effect,” Shane acknowledged, adding, “If we consider aggressive press coverage of government activities being at the core of American democracy, this tips the balance heavily in favor of the government.”

Six months later, the Jefferson Center agrees and has put the White House’s war on leakers and the journalists accused of “aiding and abetting” them at the top of this year’s list.

The government surely has a legitimate interest in identifying those disclosing such information,” the center said in an explanation included in this week’s report. “Yet if the press is to fulfill its role as a government watchdog and report what it sees to the public at large, it has to be able to assure its sources of confidentiality.”

Imperative as it may be, doing as much has been made harder than ever due largely to the administration’s targeting of leakers: WikiLeaks source Chelsea Manning was sentenced last summer to 35-years in prison for disclosing state secrets, and Edward Snowden — the former intelligence contractor who last year began to supply journalists with classified documents pilfered from the NSA — is wanted for espionage in America and has spent nearly the last year in Russia as a result.

And though these instances are few and far between, the severity of these prosecutions and similar investigations into outlets like Fox News and the Associated Press waged by the Obama administration to narrow in on leakers has been credited with creating a chilling effect that is allowing for the government to essentially scare sources and reporters from covering certain topics, lest they wish to risk a federal prison sentence: former Central Intelligence Analyst John Kiriakou is currently serving timeat a correctional facility in Pennsylvania for confirming the name of a colleague to an established reporter, and last month State Department advisor Stephen Kim was sent behind bars for having shared secrets with a Fox Reporter — which, in turn, led to the Justice Department seeking in secretthat journalist’s private emails. In that instance, the Washington Post wrote recently, “court documents in the Kim case reveal how deeply investigators explored the private communications of a working journalist.”

But when the government hasn’t been hounding journalists for speaking to sources, it’s been influencing the way the world sees its news to a certain degree. The White House Press Office, the Jefferson Center wrote, was also awarded a Muzzle award this year because the administration has “dramatically limited” access to the president for photojournalists, instead compelling a government cameraman to create the images dispersed worldwide by the White House to narrate the administration’s otherwise-often-secret inner workings.

The White House counters that it has released more images of the President at work than any previous administration. While that may be true, the journalistic value of such photographs is a product of their content, not quantity,” the center said. “For systematically rejecting independent journalistic access in favor of its own sanitized visual record, the White House Press Office has earned a 2014 Jefferson Muzzle.”

Tied at third-place, the NSA and DHS were both deemed Muzzle-worthy by the Jefferson Center for spending three ears pursuing an American citizen who designed parodies of those agencies logos, including one which touted the “US Department of Homeland Stupidity.”

The Obama administration was last awarded a Jefferson Muzzle in 2011 for what the center described then as restricting media access to the BP oil spill in the Gulf of Mexico a year prior.

Since 1992, the Thomas Jefferson Center for the Protection of Free Expression has celebrated the birth and ideals of its namesake by calling attention to those who in the past year forgot or disregarded Mr. Jefferson’s admonition that freedom of speech ‘cannot be limited without being lost,’” the organization says on its website.

Carl Icahn Confirms Our View. And It Is So Disturbing You Won’t Be Able To Sleep Over The Weekend

In his brief interview with CNBC (see video below), Carl Icahn confirmed what we have been saying on this blog for quite some time. First, everyone loves this market (even his barber) a little too much and that in itself should raise some red flags. Second, most earnings you see today have been artificially driven by cheap credit infused by the FED.  That’s exactly what we have been saying here for a long time. Today’s earnings are a mass delusion at best. As we have said before, if you take credit driven earnings out, the true market P/E should be around 60-80, making this market not only expensive, but “Are You F#&$ing Kidding Me?” expensive. You will see the P/E ratio surge (as they did in 2008) once the markets crater and the US Economy falls into a severe recession later this year. 

Finally, Mr. Icahn insinuated that there will be a major correction over the next 3 years, but he doesn’t know exactly when. While he doesn’t, we certainly do. And not only to the year or to the month, but to the day. That’s right, our mathematical and timing work shows us exactly when (to the day) the bull market will top out and the subsequent bear market composition (bear market of 2014-2017). If you would like to gain access to such information, please Click Here.   

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Carl Icahn Confirms Our View. And It Is So Disturbing You Won’t Be Able To Sleep Over The Weekend Google

JP Morgan Chase Missed By A Mile. What They Have Said About The Real Estate Market Will Send Chills Down Your Spine

In October of 2013 I went out on a limb by calling for a housing market top. You can see it here I Am Calling For A Real Estate Top Here. At that time I suggested that while it might be incredibly difficult to see the actual real estate market top (because most real estate markets are local and they will roll over on their own accord), by the time October of 2014 rolls around, we will see clear negative numbers on Year-Over-Year basis. Confirming that the Fall of 2013 was indeed the top. 

As JP Morgan Chase reported their quarterly results this morning, we continue to gather evidence that the call above was dead on the money. Not only did JP Morgan missed, it missed by a mile. Revenue $23.9 Billion Vs $24.5 Billion expected, earnings $1.28 Vs. $1.38 consensus. Most importantly, JPM suffered  a 42% drop in mortgage revenue and a 21% slide in fixed income trading. Further, it set the precedent to expect the same results from other banks and financials. I wonder how long before the weather is blamed for such fundamental misfortune.  

jp morgan

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JP Morgan Chase Missed By A Mile. What They Have Said About The Real Estate Market Will Send Chills Down Your Spine Google

 

 

Bloomberg Writes: JPMorgan Profit Falls 19% on Trading, Mortgage Declines

JPMorgan Chase & Co. (JPM), the biggest U.S. bank, said first-quarter profit fell 19 percent on lower revenue from fixed-income trading and mortgages, themes that may be repeated across Wall Street next week. The shares declined 2.9 percent.

Net income dropped to $5.27 billion, or $1.28 a share, from $6.53 billion, or $1.59, a year earlier, according to a statement today from New York-based JPMorgan. Ten analysts surveyed by Bloomberg estimated $1.46 a share on average.

JPMorgan, the first of the top U.S. banks to post results for the period, said profit fell in every major division, amid a 42 percent drop in mortgage revenue and a 21 percent slide in fixed-income trading. Chief Executive Officer Jamie Dimon, 58, warned investors in February that trading had fallen 15 percent for the first two months of 2014, a decline analysts including David Konrad of Macquarie Group Ltd. blamed on a reduction in the Federal Reserve’s bond purchases.

“It’s been a tough quarter for the industry,” said Pri de Silva, senior banking analyst at CreditSights Inc. in New York. “I’m not overly worried about JPMorgan unless I see something else going on apart from what we already know is lower fixed-income trading and mortgage results.”


Photographer: Peter Foley/Bloomberg

JPMorgan, the first of the top U.S. banks to post results for the period, told… Read More

JPMorgan fell to $55.75 in New York trading at 7:41 a.m. from $57.40 yesterday.

Konrad said in an April 4 research note that banks will have a “challenging quarter” as higher interest rates reduce loan refinancings.

Revenue, Expenses

Total revenue dropped 7.7 percent to $23.9 billion, as noninterest expenses declined 5.1 percent to $14.6 billion.

JPMorgan’s investment-banking head, Daniel Pinto, said this week he was overhauling the division’s reporting lines after his former co-head, Mike Cavanagh, left to join Carlyle Group LP. Pinto named Carlos Hernandez co-head of global banking with Jeff Urwin, John Horner head of investor services and Joyce Chang global head of research.

Earnings at Pinto’s corporate and investment bank dropped 24 percent to $1.98 billion, as revenue declined 15 percent from a year earlier to $8.61 billion. Fixed-income trading revenue fell to $3.8 billion on “weaker performance across most products and lower levels of client activity,” the bank said.

The 21 percent drop in fixed-income trading revenue surpassed estimates of a 15 percent decline from Moshe Orenbuch, an analyst at Credit Suisse Group AG, and 17 percent from Wells Fargo & Co.’s Matt Burnell.


Photographer: Ron Antonelli/Bloomberg

People stand inside the JPMorgan Chase & Co. headquarters building in New York.

Consumer Bank

Net income from consumer and community banking, run by Gordon Smith, fell 25 percent to $1.94 billion as provisions for credit losses surged 49 percent to $816 million. Revenue was $10.5 billion, down 10 percent from a year earlier.

Mortgage revenue dropped to $1.57 billion in the quarter, from $2.72 billion a year earlier. Home-loan originations were $17 billion, down 68 percent from the prior year as higher interest rates curtailed refinancings.

JPMorgan said profit in asset management, run by Mary Erdoes, declined 9 percent to $441 million, as costs rose 11 percent to $2.1 billion on “headcount-related expenses.” Assets under management climbed 11 percent to $1.6 trillion amid greater inflows and rising equity markets. Commercial banking, a division run by Doug Petno, posted a 3 percent profit decline to $578 million.

Blythe Masters

Another top executive, Blythe Masters, plans to depart. Masters, 45, will resign after she helps the bank complete the $3.5 billion sale of a commodities unit to Mercuria Energy Group Ltd., the company said last week. Over 27 years she rose from being a JPMorgan intern to running several credit desks and finally heading the commodities business.

The departures followed a trying year for Dimon, who agreed to more than $20 billion in legal settlements tied to lapses including mortgage-bond sales and trading losses in 2013. Resolving the disputes was the “most painful, difficult and nerve-racking experience that I have ever dealt with professionally,” Dimon said this week in his annual letter to investors.

JPMorgan could eventually earn $27 billion a year, or about $6.8 billion a quarter, as legal costs subside and higher interest rates boost margins, the bank said during its Feb. 25 investor meeting. The company said the quarterly dividend will rise to 40 cents a share from 38 cents, and it authorized a $6.5 billion stock buyback after the Fed approved the lender’s capital plan.

Citigroup Inc. reports earnings on Monday, followed by Bank of America Corp. April 16. Goldman Sachs Group Inc. and Morgan Stanley announce results on April 17.

Stock Market Update. April 10th, 2014. InvestWithAlex.com

daily chart April 10 2014

A massive down day with the Dow Jones down 267 points (-1.62%) and the Nasdaq Down 129 points (-3.10%).

Is this another buying opportunity as most market pundits believe or is this a “sell now ask questions later” type of a deal? I continue to believe that markets are starting to wake up and see the forest through the trees. What a lot of traders and investors are starting to see is not pretty. Excessive overvaluation, massive speculation in all asset classes (even trailer parks), slowing economy, ineffective and counterproductive FED, flattening yield curve, etc….. With confidence levels collapsing it is just a matter of time before we find ourselves in a full blown bear market. 

That is precisely what our mathematical and timing work shows as well. In fact, we have been consistent in predicting a certain date for the bear market to start since the time this blog initiated in 2013. When the bear market of 2014-2017 starts it will very quickly retrace most of the gains achieved over the last 2 years. If you would be interested in learning exactly when this bear market will start (to the day) and it’s subsequent internal composition, please Click Here. 

(***Please Note: Due to my obligations to my Subscribers I am unable to provide you with more exact forecasts. In fact, I am being “Wishy Washy” at best with my FREE daily updates here. If you would be interested in exact forecasts, dates, times and precise daily coverage, please Click Here).   

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Stock Market Update. April 10th, 2014. InvestWithAlex.com Google

The Next Hottest Hedge Fund Investment? Yep, Trailer Parks

Nothing against trailers parks or the business model, but this liquidity party is getting seriously out of hand. When hedge funds are starting to invest in Trailer Parks you know that all other asset classes have been driven to the moon.

Dan Weissman, who previously worked at Goldman Sachs and a private hedge fund, now owns five mobile home parks. “The greatest part of the business is that we go to sleep at night not ever worrying about demand for our product. It’s the best decision I’ve ever made,” he tells Bloomberg Markets. 

If you watch the video, the talking head asks “Should I buy a distressed trailer park for $280,000, is that a good investment?” (WTF?) Yes, she should buy one. Unbelievable. I can’t wait until this FED induced liquidity party meets its disastrous end so we can all go back to productive economic endeavors as opposed to speculating in trailers parks. 

trailer park

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The Next Hottest Hedge Fund Investment? Yep, Trailer Parks  Google

 

Breakout: You won’t believe this hot new investment ‘vehicle’

Some of Wall Street and Silicon Valley’s best minds are packing it all in for greener pastures. And they’ve found those pastures in…trailer parks.

“Trailer parks have unusual economics,” says Anthony Effinger, the author of an article on the topic forBloomberg Markets. “It’s a supply and demand curve that’s super attractive to investors.”

There certainly is demand for trailer homes—they’re often the cheapest form of housing which means a lot in an economy with ever-growing wage disparity. The supply of designated trailer parks is also quite low because, “nobody wants a trailer park in their town or county,” says Effinger.

Dan Weissman, who previously worked at Goldman Sachs and a private hedge fund, now owns five mobile home parks. “The greatest part of the business is that we go to sleep at night not ever worrying about demand for our product. It’s the best decision I’ve ever made,” he tells Bloomberg Markets.

“What’s at work here,” says Effinger, “is the shrinking middle class.” People with bad credit and criminal histories are often unable to rent or buy homes, and are forced into trailer parks—where owners are usually willing to overlook credit and criminal activity.

It’s not all a walk in the park. Investors go into these parks and often have to fix decrepit homes, deal with criminals, and in some cases even meth labs.

“There are so many people crowding into technology,” says Effinger. “They’re all super bright, everybody’s making a new app for the iPhone and in New York there are super-talented MBAs scrambling for a limited number of financial jobs…what these guys wanted was something where they didn’t have to bump up against those folks.”

They’re willing to enter a hairy industry to avoid that competition.

So should you look to invest in mobile homes? “I suspect you’d need a lot of patience and a lot of time to deal with some of this stuff,” says Effinger.

Markets Continue To Collapse. What’s Next?

Just a picture of iShares Nasdaq Biotechnology (IBB) slicing through it’s lows like a hot knife through butter. Bear Market? What bear market? Statistically, April is the best month for stocks and according to Mr. Saut (from earlier post) the market is set for a 12% gain this year. “Sarcasm”. Listen, if you are tired of the main stream financial media bullshit and would like to find out exactly when the bear market of 2014-2017 will start (to the day) and it’s internal composition, please follow us Here

IBB.

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Markets Continue To Collapse. What’s Next?  Google