Warren Buffet released his Berkshire Hathaway annual shareholder letter today, which is widely read for signals on the broader economy. Here’s what he said about housing: “A housing recovery will probably begin within a year or so. In any event, it is certain to occur at some point.” A bit open-ended. And CalculatedRisk noted that [...]
Posts Tagged ‘Berkshire Hathaway’
Full Buffett CNBC Video: Housing Better, Commercial Real Estate & Bank Tax Bad
Buffett Warm On Housing, Cold On Bank Tax Berkshire Hathaway has big stakes in Wells, Goldman, BofA. These firms fall under Obama’s bank tax.
Berkshire Invests $5b In Goldman, Mortgage Apps Down, Fed/Treasury Testimony
Ring ring. “Hello?” “Hey Warren, this is Ben over at the Fed. You know how you already own 10% of Wells Fargo? Well, I have a little favor to ask…” Warren Buffett’s Berkshire Hathaway will invest $5 billion in Goldman Sachs, and shares of Goldman rose 6.5% following the announcement yesterday. Berkshire will buy $5 [...]
More on Rate Locks: Is Your Rate Really Locked When Rates Drop?
The trend in the business seems to be to classify lender’s customers into categories. Brokers and lenders alike are grouped, based on pull through, the quality of production, paying fees in a timely manner, and various other metrics. It appears to be very popular, so I decided to try the new Customer Segmentation Program on [...]
Warren Buffett: U.S. Inflation is Exploding
Berkshire Hathaway CEO and market oracle Warren Buffett Told CNBC today that U.S. inflation is “exploding” … such a statement from a credible source makes a great headline. Will it surpass the Fed decision (see our previous story from today on Fed rate decision and discussion of inflation) in it’s market influence? Hasn’t so far, [...]
Stocks Rally, Rates Higher On Buffett Bailout
Warren Buffett said this morning that his company Berkshire Hathaway has offered to reinsure up to $800b in muni bonds currently backed by troubled firms MBIA, Ambac and FGIC. Stocks are rallying sharply at the cost of a deep bond sell off. Mortgage bonds are down 38 basis points and Treasury bonds are off 75 [...]
Buffett: Dumb Money No Longer Available
Warren Buffett said Wednesday that the finance firms who “brewed this toxic Kool-Aid” of risky mortgage and other derivative products “found themselves drinking a lot of it in the end.” No big surprises here as the credit bubble unwinds. Supporting a point we’ve been making, Buffett also said money is cheap but the re-pricing of [...]
