Inside The Peebles Estate: Real estate mogul and Obama advisor Don Peebles shares his private home collections in Florida.
The price pattern reminds you that every movement of importance is but a repetition of similar price movements, that just as soon as you can familiarize yourself with the actions of the past, you will be able to anticipate and act correctly and profitably upon forthcoming movements. —Jesse Livermore
Feb PPI fell .6% headline vs expectations of a drop of .2% but the core gain of .1% was right in line with forecasts. The headline figure was led lower by a 2.9% fall in energy prices (led by gasoline) while food prices rose .4%. Energy prices have since reversed, with gasoline in particular at the highest level since Oct '08 so PPI will move up again in March. Inflation in the pipeline was mixed but comes after strong gains in Jan. Goods at the intermediate stage of production rose .1% after a 1.7% gain in Jan. Ex f&f it...
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November 11th, 2008 at 6:12 pm
Watching this video of expensive housing gives me the thought that with Freddie and Fannie under gov’t control they don’t have to mark to market and can resume the mark to make believe accounting rules. Put that in combonation with some made up loan program for timing purposes and we are on our way.
Of course people won’t live long enough to pay 40 year loans or pay them off by retirement time but they can just refinance later on when the housing value comes back up to what they overpaid for in the first place.