4 ms·
The market was so insane.
by thr0w 2y ago
The market was so insane.
- cudgy 2y agoThe job market and the capital markets are still insane. Unfortunately, I don’t think we reached the bottom yet given the astronomical real estate prices relative to incomes and high market valuations relative to earnings. Some signs of reality are starting like Real estate prices starting to fall in the Sunbelt of the US. The obvious commercial real estate bubble has not completely burst yet. So many markets are hanging like guillotine’s ready to drop. Markets have been buoyed by excess capital and rampant speculation by the wealthy for so long now; its shocking how long the charade has lasted.