Reply to I think the bubble is popping.

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Reply to "I think the bubble is popping."

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[quote=Anonymous][quote=Anonymous]market may stabilize with some cooling off in overheated places, but we are looking at the impact of longer term housing shortage and increased wealth in many areas, meaning we are not in same place as 2008. inflation is rising, fed will not immediately raise rates (probably taper bond purchases) but that could eventually put some downward pressure on prices and demand. the spring 21 bubble may "pop" and people who bought in 21 may not profit by selling in 23 (unlike those who bought in 19 and sold in 21) but [b]most economic indicators do not point to a massive crash[/b]. [/quote]
I guess different people look at data differently.

EVERY single economic indicator is in bubble territory and ripe for a crash. It just needs a trigger.

Look at what's happening in South Africa right now. Food inflation is leading (almost) to a civil war and the society breaking down. And we here in the US are seeing massive food inflation as well. And we have guns in private hands. A lot of guns. If people are hungry and cannot "afford" food, guess what's gonna happen?[/quote]

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