Housing Data Reflects Worst Readings Ever

US CPI Falls By Record 1.7% in November, Housing Data Reflects Worst Readings Ever

The US dollar remains under pressure as the latest US economic data suggests that the Federal Reserve is very likely to cut rates this afternoon at 14:15 ET. First, inflation pressures in the US are clearly plummeting as evidenced by the record plunge of -1.7% in US CPI during the month of November, which brought the annual rate of growth down to match the December 1986 and June 2002 lows of 1.1% from 3.7%. Shifts in the core readings, which exclude food and energy, were not nearly as dramatic but the annual figure did cool to a 3-year low of 2.0%. Meanwhile, both US housing starts and building permits fell to their worst levels ever, as recordkeeping began in 1959 for the former and 1960 for the latter.

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Homebuilder Rentiment Index

A key gauge of homebuilders' confidence remained at a record low this month, as builders continued to be overwhelmingly discouraged in the prospects of a housing turnaround amid a worsening U.S. economy and rising unemployment and foreclosures.

The National Association of Home Builders/Wells Fargo housing market index held at nine in December for the second month in a row.

Index readings higher than 50 indicate positive sentiment about the market. But the index has drifted below 50 since May 2006 and has been below 20 since April. The slide in builders' confidence sharpened this fall in the wake of the U.S. financial crisis, slipping three points in October and then five points in November.

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Falling Property Values and a Rising Foreclosure Rate

Falling property values and a rising foreclosure rate may contribute to a growing gap in next year's state budget, the Florida Legislature's top economist said Monday.

State economists recently cut their forecast for 2009 property taxes -- based on the taxable value of properties for school purposes -- by about 5 percent since their last estimate in August.

The Legislature requires school districts to levy a minimum property tax rate -- this year about $5 per $1,000 of taxable value -- to qualify for state funding.

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Lockheed Martin Gets Army Contract

he Army said Monday that it has awarded an $89.5 million contract to a division of Lockheed Martin Corp. for work on helicopters.

The contract, awarded Friday, is for repairs and maintenance of sensors and other equipment on board the Apache helicopter.

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General Summations

n
i=1
G(i) = G(n + 2) – G(2) Vajda-33, Dunlap-38
n
G(i) = G(n + 2) – G(a + 1) -
Fibonacci and Golden Ratio Equations http://www.mcs.surrey.ac.uk/Personal/R.Knott/Fibonacci/fibForm...
10 of 12 6/4/03 1:49 PM
i=a
n
i=1
G(2 i – 1) = G(2 n) – G(0) Vajda-34, Dunlap-37
n
i=1
G(2 i) = G(2 n + 1) – G(1) Vajda-35, Dunlap-39
n
i=1
G(2 i) –
n
i=1
G(2 i – 1) = G(2 n – 1) + G(0) – G(1) Vajda-36, Dunlap-40
n
i=1
2n – i G(i – 1) = 2n – 1( G(0) + G(3) ) – G(n + 2) Vajda-37(variant), Dunlap-41(variant)
4 n + 2
i=1
G(i) = L(2 n + 1) G(2 n + 3) Vajda-38, Dunlap-43
2 n
i=1
G(i) G(i – 1) = G(2 n)2 – G(0)2 Vajda-39, Dunlap-44
2 n +
1
i=1
G(i) G(i – 1) = G(2 n + 1)2 – G(0)2 – G(1)2 +
G(0) G(2) Vajda-41, Dunlap-46
n
i=1
G(i + 2) G(i – 1) = G(n + 1)2 – G(1)2 Vajda-43, Dunlap-48
n
i=1
G(i)2 = G(n) G(n + 1) – G(0) G(1) Vajda-44, Dunlap-49
i = 0
G(a, b, i)
ri
a + b r
= a +
r2 – r – 1
Stan Rabinowitz,
"Second-Order Linear Recurrences"
card,
Generating Function
special case (x=1/r, P=1, Q=-1)
i = 0
i G(a, b, i)
ri
r (b r2 – 2 a r + b – a)
=
(r2 – r – 1)2 -
n
i = 1
n – i
i – 1
= F(n) -
Fibonacci and Golden Ratio Equations http://www.mcs.surrey.ac.uk/Personal/R.Knott/Fibonacci/fibForm...
11 of 12 6/4/03 1:49 PM
i = 0
n – i – 1
i = F(n) Vajda-54(corrected), Dunlap-84(corrected)
n
i = 0
n + 1
i + 1 F(i) = F(2 n + 1) – 1 Vajda-50, Dunlap-82
2 n
i = 0
2 n
i F(2 i) = 5n F(2 n) Vajda-69, Dunlap-85
2 n
i = 0
2 n
i L(2 i) = 5n L(2 n) Vajda-71, Dunlap-87
2 n + 1
i = 0
2 n + 1
i F(2 i) = 5n L(2 n + 1) Vajda-70, Dunlap-86
2 n + 1
i = 0
2 n + 1
i L(2 i) = 5n + 1 F(2 n + 1) Vajda-72, Dunlap-88
2 n
i = 0
2 n
i F(i)2 = 5n – 1 L(2 n) Vajda-73, Dunlap-89
2 n
i = 0
2 n
i L(i)2 = 5n L(2 n) Vajda-75, Dunlap-91
2 n + 1
i = 0
2 n + 1
i F(i)2 = 5n F(2 n + 1) Vajda-74, Dunlap-90
2 n + 1
i = 0
2 n + 1
i L(i)2 = 5n + 1 F(2 n + 1) Vajda-76, Dunlap-92
i=0
5i n
2 i + 1 = 2n-1 F(n) Vajda-91
5i n
2 i = 2n-1 L(n) Vajda-92
Fibonacci and Golden Ratio Equations http://www.mcs.surrey.ac.uk/Personal/R.Knott/Fibonacci/fibForm...
12 of 12 6/4/03 1:49 PM
i=0
With Generalised Fibonacci
n
i = 0
ni
G(i) = G(2 n) Vajda-47, Dunlap-80
n
i = 0
ni
G(p – i) = G(p + n) Vajda-46, Dunlap-79
n
i = 0
n
i
G(p + i) = G(p + 2 n) Vajda-49, Dunlap-81
n
i = 0
(–1)i n
i G(n + p – i) = G(p – n) Vajda-51, Dunlap-83

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the Inverted Hammer

As Forexgen Presents the Inverted Hammer is a pattern that occurs at the bottom of a downtrend. It indicates a possibility of the reversal of the downtrend.

Recognition Criteria:

• A small real body is near the lower part of the price range.
• The very long upper shadow.
• Occurs in a downtrend.

Also The Shooting Star is a bearish reversal pattern. It occurs in an upper trend which indicates that the market opens at the lows of the season, rallies and pulls back to the bottom.

Recognition Criteria:

• A very long upper shadow.
• The small real body at the lower end of the price range.
The real body gaps away from the prior real body.

reversal pattern

Forexgen and the Morning Star is a reversal pattern which is composed of a long black body, a star gaps away from the black body, and a long white body. The third candle is the confirmation of the reversal. It is named because it appears in the morning before the sun rises.

Recognition Criteria:

• The first day is a long black day.
• The second day is a star gaps away from the first day.
• The third day is a long white body that gaps up from the prior star.