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Using bitcoin to buy a mansion – Market Update – January 15, 2018

Using bitcoin to buy a mansion – Market Update – January 15, 2018
January 15, 2018 abryant

I went to a bookstore and asked the saleswoman, ‘Where’s the self- help section?’ She said if she told me, it would defeat the purpose.

People tell me to get a life, I say “HEY! I’m a gamer! I have tons of lives hahaha”.

When I speak about about people I am not fond of, I give them ridiculous voices.

“Username or Password incorrect.” TELL ME WHICH ONE!!!!!

I’m not fat. My stomach is just in 3D.

Now The Market Update . . .

Producer prices fell for the first time in nearly 1-1/2 years in December. This could temper expectations that inflation will accelerate in 2018.

Unemployment benefit claims increased for the 4th straight week, to a 3-month high. Likely due to weather, the change doesn’t signal weakness in the labor market.

The implemented tax reform is already being credited for increased economic growth. Multiple companies are reported to be passing savings on to workers.

CORRECTION FROM LAST WEEK: The final tax reform plan does not allow taxpayers to deduct interest for either new or existing home equity loans. We apologize for the error.

Mortgage applications on newly constructed homes rose 18% in December from the previous month. The applications were 7.8% higher than December 2016.

The seller of a 9,000-sq-ft mansion in Malibu is willing to accept bitcoin as part of the payment. The volatile cryptocurrency is not usually used for home purchases.

Home equity has hit a new record high, reported to be $5.5 trillion. Remodeling spending topped $152 billion in 2017 and is forecast to increase in 2018.

How long have I been working for this company? Ever since they threatened to fire me.

This week’s potential market moving reports are:

Monday, January 15th: Martin Luther King Jr. Day

Tuesday, January 16t: Empire State Manufacturing Survey

Wednesday, January 17th: MBA Mortgage Applications, Housing Market Index

Thursday, January 18th: First Time Jobless Claims, Housing Starts

Friday, January 19th: Consumer Sentiment

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