I appreciate your comments.
I think what we are seeing in the stock market is an adjustment to real value in tech stocks. What are Apple, Facebook, Snapchat, Google, etc. really worth?
People have jobs. People are spending money. They are more comfortable in their future.
However, the new normal for housing has changed. In many places in the country housing is not affordable for young people. Plus so many come out of college with debt higher than my first mortgage. Young people are choosing to have less children or none at all. The baby boomers are moving into smaller houses or assisted living centers.
Some states like ID, UT, AZ, SC and TX continue to benefit from the demographic shift and the flight from high tax, high costs states to live like IL, NY, CT, CA, NJ.
Almost everyone moving to Idaho is coming from California and Washington. This is the same thing that happened here in NH from 1985-2018. It change us from a Red to purple/blue state.
Everything is made in China. I just bought a Milwaukee 1/2 cordless Hammer drill at Home Depot. Made in China. I got home from the grocery store and noticed when putting the fresh peeled garlic that it was a product of China. I wanted to throw it in the trash. Mrs. Woodbutcher would not let me.
However, China’s economy is slowing down. So, are ALL the other countries who are major oil exporters. Therefore, they all want to sell more of their products here because the US economy is better than anywhere else in the world. I see it in the lumber industry. There is so much European lumber coming here now because they can get more for it here than China, Europe, Japan or the Middle East. Same thing with Brazilian plywood and lumber from Chile and New Zealand. Everyone wants to sell their product here.
Good post!
Thank you. Good observations.
5 year old dryer and already needed the pulley replaced. “Common” problem for Whirlpools said the repair man. I always hear how “older” parents are just replacing their 30 year old dryer or washer!!!! I have never had anything last 30 years. Perhaps their is a COST to made in China.