There’s Some Irony Here
Given the fact our forthcoming president is a real estate mogul, it’s amusing that the industry most vulnerable to a big price drop is, in fact, real estate (I’ve already witnessed it here in the Silicon Valley, where prices started slipping this summer).
Back on October 21st, before the election, I suggested SRS as a buy. It’s up about 13% in that very short amount of time, and I think there’s plenty more to come.
Disclosure: None.
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"I’ve already witnessed it here in the Silicon Valley, where prices started slipping this summer" Real estate in the bay area is absurd to start with and not indicative of the US. That said, there is clearly a #bubble, but it is not caused by #Trump, but by the Federal Reserve. Sadly, the next President will have to deal with their bubble popping. The Federal Reserve's power needs to be curtailed or they should be publicly elected or both.
The question is, who would have been better equiped to handle the bubble bursting? #Trump or #Hillary?
Haha, that's a trick question. The simple fact is both are deeply flawed candidates and both are ill equipped for dealing with economic matters at all. Both also seem interested in blowing even greater bubbles by enlarging our deficit. We will see how Trump handles it, but as I have commented before, the short term upturn and the next downturn is something they inherit, not make themselves. We will see how Trump deals with it and am glad he has a Republican House and Senate to guide him.