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Go back to sleep Logan. Happy Valentine is over.
Housing starts up in 45 minutes, I always remind myself that 4:00 isn't that bad, I could live in Hawaii and get up much earlier
The Caribbean would be easier for you.
The Caribbean would be easier for you.
Maybe for my wife, I will stick to my hometown #Irvine
LEI while meeting expectations, are down back to back months, still no headline recession risk. You need at least 4-6 months down trend with rising claims which after today's numbers we don't have. Claims get to 323K with falling trend LEI and you have something to work with

US core #CPI services price inflation strongest since Oct 2008 + core goods price inflation now much less negative
Picking up here

"comprehensive housing finance reform" that is mentioned at the end of the piece?
One of my old articles in 2012 I said they will never reform Freddie, Fannie and the government will always back housing up because private banks don't have enough capital reserves to be the entire housing market and the mortgage biz is actually a bad biz to be in.
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#Housing
#Economics
http://loganmohtashami.com/2016/02/10/mortgage-purchase-applications-recession-watch/