Market Exuberance Ends, Pain Starts
In the 14 months from the presidential election through January 2018, the Dow soared 49%. Housing prices soared too. The real economy followed. Consumers went on a spending spree. But now, this phenomenon — the surge in exuberance among consumers, investors, homebuyers, speculators, business-decision makers, and the like, often called the “Trump Bump,” whether or not Trump had anything to do with it — is petering out. So what will happen as this exuberance deflates? (13 minutes)
In the Seattle metro housing market, inflection point was July. Conditions have deteriorated since. Read… Bubble Trouble: Seattle-Bellevue Metro Housing Market Goes South
In the San Francisco and Silicon Valley housing market, sellers got the memo and cut prices. Read…. Housing Downturn Arrives in Silicon Valley & San Francisco
It has been a wild ride for the US oil & gas sector, fueled by cheap money and by dashed hopes of high oil prices. Read… How US Oil Booms & Busts Hit Industrial Production
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