Looks Like We're Entering An Epic Bear Market
As I'm watching the last of my sell stops kick off this morning I can't help but think it is "the big one" as Fred Sanford used to call it. The market is giving Joe a massive thumbs-down. And, we've got a couple more years of this... Good luck everybody. Time to financially round the wagons...
The way I see it, this is still the problems of 2007 as it was never solved, we just patched it and this patch is peeling off now. This amount of debt is craze…
I just watch short video by Ray Dalio and a theory on the economic life cycle of civilizations. This theory is about a 250-year life cycle for a civilization (called a world order in the film) and that it was switched around every cycle. His point is that America is done, and the discretion is expected and normal but we can control what happens to us. Another World Order will rise but only after war, disaster, and famine.
https://youtu.be/xguam0TKMw8
Real estate has had some growth in demand - thanks to the invasion of illegals from Central America,
but most of the price change in the past 30 years is just inflation puffery from banksters.
(Unfortunately inflation extends to the cost of building the inferior housing that the home builders have fed
buyers for 4 decades.)
I'm looking forward to seeing the banksters and their corrupt conspirators, losing 4 digits off their asset values.
Will there be anyone to bail out Commifornia when their tax revenues crash with RE prices?