Josh Sigurdson talks with author and economic analyst John Sneisen about the latest troubles for Wells Fargo as the bank sees the lowest mortgage number since the last financial crisis! In last year’s Q4, mortgage applications plunged by 10 billion dollars which is 16% down year over year to around 63 billion dollars. The mortgage…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the clear struggles in the auto industry as demand falls significantly and subprime buyers disappear from showrooms. The March sales pace fell to its lowest in seven months. Sales were completely flat for the first couple of months this year among the highest ratest…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the most recent news regarding Deutsche Bank as the massive global bank based in Frankfurt, Germany reaches its epic end. Deutsche Bank has been found guilty of rigging gold and silver markets and everything else they can get their hands on. In 2016, the…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the countless scandals plaguing Wells Fargo topped by the slumping housing market which is forcing the insolvent bank to lay off 638 mortgage employees. From creating millions of fake accounts, giving people car insurance when they didn’t ask for it and repossessing their cars,…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the recent drop in investor confidence following the exposure of Blackstone’s credit default swaps. Blackstone’s credit default swaps had an engineered default and the CFTC slapped them on the hand. In what can only be considered a shady deal, Blackstone offered Hovnanian a low-cost…

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Goldman Sachs is up to no good again as they sell $5.7 billion in bad mortgages. What they are likely to do with these mortgages they got purchased from Fannie May is repackage them into mortgage backed securities. They then sell them as collateralized debt obligations which they’ll give a ‘triple A’ rating as…

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Josh Sigurdson talks with author and economic analyst John Sneisen regarding the massive buy-up of mortgage bond debt by the Federal Reserve. According to Reuters, “The Federal Reserve bought $7.029 billion of agency mortgage-backed securities in the week from Sep. 28 to Oct. 4, compared with $6.937 billion purchased the previous week…” On top of…

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During an interview Josh Sigurdson and John Sneisen conducted with Robert Kiyosaki of ‘Rich Dad, Poor Dad’, Kiyosaki admitted that he’s actually selling his real estate! With the return of collateralized debt obligations, credit default swaps, mortgage backed securities, reverse mortgages and other tell tale signs of a massive bubble about to burst in real…

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Josh Sigurdson talks with author and economic analyst John Sneisen about yet another scandal coming out of Wells Fargo as the bank is being investigated by the Department of Labor. Wells is accused of deliberately pushing customers into more expensive, higher fee retirement accounts. These are accounts that are far more lucrative for the bank…

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Josh Sigurdson talks with author and economic analyst John Sneisen about the British mortgage market as the Bank of England warns of some clear instability. Of course housing markets are localized, but it appears there are problems across the board in Britain in most major hubs. The Bank of England official has warned there are…

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