Posted by Leonard Steinberg on February 15th, 2013
Wall Street is still reeling from the re-birth of the BIG DEAL, where this week Warren Buffet and a Brazilian group swooped in to buy out HEINZ. Similar confidence in the BIG DEAL is being seen in the New York luxury real estate market where big players are swooping in to buy mega-apartments…..many of them. This week in the sales office at 150 CHARLES STREET has been an eye-opener! I took a photo of the calendar so that anyone who did not believe just how crazy-booked we are would have hard evidence. Another confidence indicator? Gold traders are the most bearish in more than a year on mounting speculation that improving economic growth from the U.S. to China will curb demand for this year’s worst-performing precious metal. It’s official: confidence has returned to the rich.