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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (96516)4/16/2009 11:53:49 AM
From: Steve Lokness  Read Replies (1) | Respond to of 116555
 
Inflation in lumber? Starting a trend? Housing numbers awful and yet lumber futres have been in a recent steady climb.

dailyfutures.com

CS-CPI Negative 5.0% Third Straight Month

steve



To: mishedlo who wrote (96516)4/16/2009 1:24:59 PM
From: koan  Respond to of 116555
 
>>Interest rates at 4.5% are actually high (at least right now)

CS-CPI Negative 5.0% Third Straight Month

The following chart shows the effect if one substitutes the Case-Shiller housing index for Owners' Equivalent Rent in the CPI. ....

globaleconomicanalysis.blogspot.com;

Yes, but for the average home buyer a 30 fixed at 4.5 is a gift, so other variables are moot.



To: mishedlo who wrote (96516)4/16/2009 1:26:06 PM
From: koan  Respond to of 116555
 
Second wave of foreclosures.

Here is what may have happened. I checked out the Obama mortgage help program. Phoned the number Obama ave out All it did was steer people to their loan servicing companies; whereby the loan servicing banks had an easy way to identify and corral the risky loans.

So Obama's intention to help, actually backfired and he played right into their hands and provided the banks with the information necessary to put them into foreclosure.

They would not even talk to you if you did not give them your loan number.

Like using a seine net for fish.

Bad idea Barak!!

Meanwhile up here our market is on fire. Maybe people coming up looking for work and sanctuary.