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The New York Times shows Trump currently has a 95% chance of winning. S&P 500 futures are currently down more than 4%. Treasury yields have fallen. Pollsters are in shock. The mainstream media is in shock. The world is in shock.
See? It really is the Headline of the Day! My fear really has been realized. Hey, but what's new? I'm a long-term saver during perpetual ZIRP. I'm not a believer in the resilience of our long-term economy. Very little shocks me these days. May we live in interesting times.
The "futures" are so bright that I gotta keep the shades closed.
The Housing Bubble, Mortgage Debt as Percent of GDP
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Two years ago, on Presidents' Day, I excerpted from a post I wrote in
February 2005 (yes, 14 years ago).
In that 2005 post, I included a graph of household...
1 hour ago
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