Recession

Investors Are Ignoring The Evidence At Their Peril

"Exuberance and confidence are at the highest levels on record, but the underlying stories are beginning to weave a tale of an economy that is very late in the current cycle... Importantly, these are not short-term stories either. The long-term picture for the economy and the markets from the three biggest factors (Debt, Deflation, and Demographics) continues to build."

Is Bend, Oregon In A Bubble?

"Bend is a bubble built on a bigger bubble that is still inflating. Bend's continued appreciation is a bet on a few cities' property values (alongside general financial assets) continuing to rise indefinitely and those wealthy folks continuing to flock to Bend. So far, so good but the clock is running."