Yeah, 27 years without a recession is a big red flag for some is it not?
Pressure on borrowers is an interesting one given it might come from other parties if banks get in trouble. As for US tech, well thats questionable as is the employment figures to be honest. I was looking at alternative media and found it interesting that apparently many wealthy are moving from New York and New Jersey to Florida for lower tax rates which is interesting but unsustainable.
The big issue is debt, financial in the corporates and the ballooning public debt in Australia and across the globe especially in USA. We see Argentina and Greece chase new terms with more loans whether from the IMF or some other party. However what if future bail ins or bail outs take different forms depending on the markets?
One has to ask the question why a Doctor would work to get a $100 per hour salary to spend it on a house reflecting $100 per hour for electrical work? Who is the fool and why would they not choose different purchasing habits including for housing???
Markets are shaped in different ways reflecting human will. Ultimately the will to buy more housing at these levels relative to the basket is waning and the crest cannot be far away if it has not already passed!! Its not like any benefits of immigration are improving and the debt has to be matched off against something otherwise all order will be torn to shreds!!
If your smart you might see how to watch asset holders fight creditors from the sidelines!!
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