PBHFA News

From Forbes By Joseph Young Historical data from the late 1990s show a financial crisis is often followed with a steep increase in housing prices. If real estate grows in a similar manner as the 2000s, safe haven assets like gold and potentially Bitcoin may follow. The housing market is projected to see a steep sell-off in the second half of 2020. The U.S., Japan,...
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    From Palm Beach Post The buyers in a record-setting Palm Beach deal recorded at $105 million last year on Billionaires Row have sold a penthouse condominium on the south end of town for $6.5 million. The couple who late last year set a Florida residential price record — via a Palm Beach deal recorded at $105 million — have parted with their penthouse condominium across town for...
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By Julie Segal-Institutional Investor Covid-19 is not just about immediate economic shocks. The virus is permanently changing how businesses, consumers, and governments operate — which impacts investors’ portfolios, according to PGIM. “The economy will experience a 4.5 percent reduction in 2020, with significant bankruptcies and real near-term economic pain. Fiscal and monetary policy will be much of the story for the next year and a half....
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 From Bloomberg: Citadel Securities this week opened an office in Florida to help ensure billionaire Ken Griffin’s giant trading firm can continue at full capacity during the coronavirus pandemic — and cope with the explosion in volume the illness has spurred. The firm opened a new, temporary trading floor in Palm Beach on Monday with 24 people, according to a memo from the firm to...
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Welcome to PBHFA’s March missive! The last few weeks have been quite interesting both socially and in the financial markets. Black swan style events of COVID 19 and geo-political tensions have spiked the VIX sending equities and the oil complex plunging lower. I have not witnessed this type of market action for decades. The index swings and confusion on the street create tremendous opportunities, as...
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