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Is it just me, or do risk assets seem especially risky these days?
Source Data:
St. Louis Fed: Custom Chart
Real Estate Newsletter Articles this Week: Existing-Home Sales Increased to
4.15 million SAAR in November
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At the Calculated Risk Real Estate Newsletter this week:
[image: Existing Home Sales]*Click on graph for larger image.*
• NAR: Existing-Home Sales Increase...
17 hours ago
4 comments:
Permanently high plateau? No way! We've got at least two or three more permanently high plateaus on the horizon.
mab,
It's the vast space between the plateaus that concerns me.
Some say the "box" canyons are half full, some say they are half empty, but some actually say they are twice as big as they need to be! ;)
P.S. Come see the softer side of Sears.
Repeating permanent plateaus! What could be better?
Look, you can't have a reunion tour without a farewell tour. And which should come first? I'm not sure it matters. The important thing is the reunion and farewell tours are permanent features. Just like permanent plateaus.
And how about permanent prosperity for all? Well, I think the Fed has done their part - reduced liabilities and inflated assets. The aggregate balance sheet is peachy. Never been better. But we need to redistribute the wealtha bit. Spread some cheer.
Here's the plan. We have Bill Gates, Warren Buffett and a some NY hedge fund billionaires move their permanent residences to places like Detroit (at least on paper). We then recalculate average net wealth and let everyone know how Detroit and the other hell holes are on the rise. Prosperity for all!!!!!!
mab,
Hell Ain't a Bad Place to Be
I've heard rumors that the road there isn't bad either. No stop signs, speed limit. Nonody's gonna slow me down.
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