Wednesday, August 21, 2019

Funny how quickly things change.

July 24, 2019 Based on what people are searching for on Google, a recession is nowhere near.

August 21, 2019 Based On What People Are Searching On Google, A Recession Could Be Imminent.

When your house loses 10.5% of it's value in one year like San Jose has - it's not the "fake news" as Trump likes to say that is causing people to become fearful. That's real money. Something is pulsing through the economy.  Could be the strong dollar. Could be the trade wars.  People are exceedingly aware that if you own a million dollar house (which I'm sure every house in San Jose is now) you have just lost 100 grand in value. That might even put people who have bought in the last two years underwater.

Make no mistake - Trump had to call China on it's shit. We were just passively giving everything we owned to China. It's not paranoia to say that China could have owned us one day. But no one should have thought this would be painless.

No comments:

Post a Comment