Daily Archives: 04/05/2011

M.B.A. Mortgage Applications for Purchase Continue to Deteriorate

M.B.A. Mortgage Applications for Purchase Continue to Deteriorate

By John Galt May 4, 2011  It doesn’t get much uglier than this. Last May was bad, but we’re seeing further deterioration based on the report from the Mortgage Banker’s Association report this morning which means that even with the government offering artificially low interest rates and programs for lower income first time home buyers the lack of demand is coming home to roost. This should be a warning shot as no matter what the National Association of Realtors or Bureau of Economic of Analysis…

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How to Kill America in 30 Seconds or Less

How to Kill America in 30 Seconds or Less

  By John Galt May 4, 2011 On last night’s radio show, I outlined the absolute worst case scenario for America should the threats, which we must pray are hollow, of Al Qaeda and the Wikileaks information turn out to become reality. The twist is that instead of thinking “inside the box” I adopted the strategy that our nation’s war gaming community and others would and decided to identify the logical location inside the United States which would benefit one group of nations and enable…

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