I still think that the RE boom is going to collapse. The prices are already way over priced aside from the all the economic growth. Once the RE market turns south we sill all that economic growth vanish because the RE market and stock market are interlinked. When the RE market collapses so will the stock market - resulting in job loss.
Students of history know that periods of credit fuel growth are ALWAYS followed by equal sized periods of correction where the malinvestments of the previous period are liquidated. You can't directly compare unemployment rates from today to Carter era because the method by which that metric is calculated continues to be manipulated to look better.
Not in Japan and Germany. Same will happen here.
julebuggy 4 years ago
If he is not German I am not Dutch.
bexler53 4 years ago
I still think that the RE boom is going to collapse. The prices are already way over priced aside from the all the economic growth. Once the RE market turns south we sill all that economic growth vanish because the RE market and stock market are interlinked. When the RE market collapses so will the stock market - resulting in job loss.
killer2021 4 years ago
This dude is obviously a realtor.
papatoony 5 years ago
Students of history know that periods of credit fuel growth are ALWAYS followed by equal sized periods of correction where the malinvestments of the previous period are liquidated. You can't directly compare unemployment rates from today to Carter era because the method by which that metric is calculated continues to be manipulated to look better.
GaryVolts 5 years ago