Bill’s commentary:

“20 minutes with Michael Oliver, well worth your time! The man has had a very impressive track record…”

J. Michael Oliver: Founder of MSA – Michael Oliver entered the financial services industry in 1975 on the Futures side, joining E.F. Hutton’s International Commodity Division, headquartered in New York City’s Battery Park.  He studied under David Johnston, head of Hutton’s Commodity Division and Chairman of the COMEX.

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Bill’s commentary:

“So as usual …follow the money!”

Geologists and resources economists have confirmed that the occupied Palestinian territory (oPt) lies above sizeable reservoirs of oil and natural gas wealth, in Area C of the West Bank and the Mediterranean coast off the Gaza Strip, according to a recent UNCTAD study.

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Bill’s commentary:

“At least we have come full circle? Your home is now a place to live, NOT an investment…”

Sales of previously owned homes dropped 2% in September from August to a seasonally adjusted, annualized rate of 3.96 million units, according to the National Association of Realtors. Sales were 15.4% lower compared with September 2022.

This is the slowest sales pace since October 2010, during the Great Recession, when the market was in the midst of a foreclosure crisis. As a comparison, just two years ago, when mortgage rates hovered around 3%, home sales were running at a 6.6 million pace. The average rate on the 30-year fixed today is right around 8%, according to Mortgage News Daily.

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Bill’s commentary:

Debt, debt, and more debt!

‘Failing means yer playin!’ Auld Scottish saying.

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