And just wait till baby boomers find that their retirement funds won’t sustain their lifestyle, ie: mortgage and tax payments, etc.
Massive sell off affecting Millions of their homes will crash the real estate market in spite of low mortgage rates.
Low wages and high unemployment won’t save the day.
Go long on used RV market, dog food, and euthanasia center franchise futures.
RE: “the problem is that demand is drying up.
there is too much everything.
cars last longer.
the housing boom, in most areas, is history.
there is too much empty commercial real estate.
automation is taking jobs.
interest rates are zero, because we don’t need anything.
actions by the Federal Reserve System don’t affect anything,
because interest rates are zero.
When the Fed loans money to the banks,
the banks deposit that money at the Fed. nothing changes.
same in Europe.”
My wife and I are seriously considering buying one.
Very, very true.
Also, the globalists at the Fed and our left wing economists think the key to a "growing" economy is consumption - instead of less debt and more production.
In other words, as long as the idiots keep buying absolutely unneeded and useless things on their VISA card, all is looking good.
Nothing could be further from the truth.
