Rick Armstrong's (rickarmstrong) Blog

The indymac deal hits a snag over the one billion dollars Fannie Mae says Indymac owes to them for bad loans.

Indymac sells for 13.9 billion to a partnership of titans that include George Soros, Michael Dell, and the Flowers group that is a conglomerate of hedge funds.       So this is a continuation and result of the mortgage meltdown.  Seems like a smart play to me.  If the mortgage market recovers the...

Jackson Hole ski report is as follows.  The skiing is incredible right now.  We have colder temps that have dried out the surface snow that fell very warm and wet over the last three days.   Another storm is poised to hit the region on Monday  or Tuesday.    Avlanche hazard remains high in the ba...

Jackson Hole real estate has seen continuous increases year over year for basically 15 years now.  There had been a couple of lulls but no major declines.   What we are seeing now is what I refer to as reality.    The appreciation of the past was pushed by easy loans, low interest rates and specu...