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> the real estate market showed signs of long-term strength and we started our current development drive. It's not long-term strength, by the way. The US econo

> the real estate market showed signs of long-term strength and we started our current development drive. It's not long-term strength, by the way. The US economy[1] is in shambles, and ready to implode any moment. What you're seeing in the real estate market is a new bubble. The buyers are investors, and the current craze started when people thought the bottom was in. The zero-interest rate policy "helps" too. Just thought you might want to know. Be careful. [1] Not only the US, but pretty much all Western economies (+Japan) are ready to implode.

pnathan 13y ago
> It's not long-term strength, by the way. The US economy[1] is in shambles, and ready to implode any moment. So that's my gut feel as well, but I don't have a good handle on the economic & market information as to why that might be so. Can you expand?
- anoncowherd 13y ago
  > So that's my gut feel as well, but I don't have a good handle on the economic & market information as to why that might be so. Welcome to Reality. The mainstream media is just misleading / propagandizing you - if you want the truth, you'll have to turn to "alternative" sources. > Can you expand? Peter can: http://www.youtube.com/watch?feature=player_detailpage&v=RpfUg1cpuZo http://www.youtube.com/watch?feature=player_detailpage&v=Rpf... Here's another good source: http://globaleconomicanalysis.blogspot.com/ http://globaleconomicanalysis.blogspot.com/
anatari 13y ago
Sigh, I'll bite. Tired of cable news quality comments presenting very debatable opinions as fact, especially without any concrete arguments, evidence, sources or otherwise real facts. On top of that being tangential to the post. Here is just one indicator that points in the opposite direction of your claims. http://data.bls.gov/timeseries/LNS14000000 http://data.bls.gov/timeseries/LNS14000000
- bubbleRefuge 13y ago
  GDP revised down dramatically in Q1. Q2 revised up to 2.5% on inventory growth and export growth very one-offish events. Q2 consumption part of GDP lower that Q1. With Fed induced spike in interest rates, mortgage apps are way down and housing sales figures are cooling fast. Emerging market currencies are being routed. Europe continues to languish. Employment is a lagging indicator.
- nhebb 13y ago
  The U6 unemployment rate is more indicative of the current state of the economy: http://research.stlouisfed.org/fred2/series/U6RATE http://research.stlouisfed.org/fred2/series/U6RATE
mytoaster 13y ago
Wouldn't go as far to say as the US will implode, but Fed QE has greatly distorted financial and real estate markets. The Fed has pumped over $3 trillion into the bond markets since the financial crisis and are currently buying at a pace of $1.02 trillion per year. Since the US govt has never done this before, no one knows the consequences of these actions. There are dissenters within the Fed itself over QE, notably Fisher, and he has recently talked about this, um, predicament. http://www.dallasfed.org/news/speeches/fisher/2013/fs130805.cfm http://www.dallasfed.org/news/speeches/fisher/2013/fs130805....

pnathan 13y ago

> It's not long-term strength, by the way. The US economy[1] is in shambles, and ready to implode any moment. So that's my gut feel as well, but I don't have a good handle on the economic & market information as to why that might be so. Can you expand?

anoncowherd 13y ago
> So that's my gut feel as well, but I don't have a good handle on the economic & market information as to why that might be so. Welcome to Reality. The mainstream media is just misleading / propagandizing you - if you want the truth, you'll have to turn to "alternative" sources. > Can you expand? Peter can: http://www.youtube.com/watch?feature=player_detailpage&v=RpfUg1cpuZo http://www.youtube.com/watch?feature=player_detailpage&v=Rpf... Here's another good source: http://globaleconomicanalysis.blogspot.com/ http://globaleconomicanalysis.blogspot.com/

anatari 13y ago

Sigh, I'll bite. Tired of cable news quality comments presenting very debatable opinions as fact, especially without any concrete arguments, evidence, sources or otherwise real facts. On top of that being tangential to the post. Here is just one indicator that points in the opposite direction of your claims. http://data.bls.gov/timeseries/LNS14000000 http://data.bls.gov/timeseries/LNS14000000

bubbleRefuge 13y ago
GDP revised down dramatically in Q1. Q2 revised up to 2.5% on inventory growth and export growth very one-offish events. Q2 consumption part of GDP lower that Q1. With Fed induced spike in interest rates, mortgage apps are way down and housing sales figures are cooling fast. Emerging market currencies are being routed. Europe continues to languish. Employment is a lagging indicator.
nhebb 13y ago
The U6 unemployment rate is more indicative of the current state of the economy: http://research.stlouisfed.org/fred2/series/U6RATE http://research.stlouisfed.org/fred2/series/U6RATE

mytoaster 13y ago

Wouldn't go as far to say as the US will implode, but Fed QE has greatly distorted financial and real estate markets. The Fed has pumped over $3 trillion into the bond markets since the financial crisis and are currently buying at a pace of $1.02 trillion per year. Since the US govt has never done this before, no one knows the consequences of these actions. There are dissenters within the Fed itself over QE, notably Fisher, and he has recently talked about this, um, predicament. http://www.dallasfed.org/news/speeches/fisher/2013/fs130805.cfm http://www.dallasfed.org/news/speeches/fisher/2013/fs130805....