Everyone has blinders on and rages when confronted with the facts, but the facts are the facts. All the denial in the world won't change them.
https://finance.yahoo.com/news/troubling-signs-coming-u-s-housing-market-164654871.html
7 replies (most recent on top)
Thw ikea founder stated a few years ago the world was reaching "peak stuff". My house "stuff" is past capacity. My grandparents are dying and my parents are downsizing. I may exchange some things for higher quality hand me downs but I have zero none nada reason to shop.
Coupled with housing costs that are too expensive to consider upgrading. No use/want for 5 bathrooms.
It's not the end. It's the result of being controlled by tax laws and the federal reserve. Companies are too over leveraged for minor dips in market changes.
In less than 3 years we will be in the middle of a Depression worse than the one in the 1930s thanks to Donald Trumps F---tard policies... mark my words!
Retail has not crashed , just moved to different channels of distribution of product
Tinfoil hat people have been "predicting" a crash of some type for years.
@qgs - Because the economy and the market are getting a bit frothy and are facing some headwinds. It is absolutely normal for there to be pullbacks; they are part and parcel of the economic cycle. True, during a pullback some are going to get pinched. However, anyone suggesting that we are headed for a Mad Max scenario is just spouting nonsense!
The economy has been humming along for the last 2 years and now 3 weeks before the elections we are getting dire predictions of upcoming doom.... I wonder why?
@ksa - Your post started off on a rational note, but the ending sounds like a rant from the tinfoil hat brigade.