Zeev's Turnips Patch-No Politics (ZEEV)

[Doesnt Add Up]

I think we are in an echo bubble, exactly like yr2000 only bigger.

So I expect the reaction to be the same only worse.


Things will start changing more quickly just like they did then only this time instead of everyone selling stocks at one time and then jumping into real estate, they will be jumping out of stocks and stuck in homes they cant sell imo.

The price of homes, mainly the bubble inflated kind like $1 Mln plus in Phoenix are going to drop fast as soon as other financial markets break down. We've seen this picture before, things that go up parabolic do not come down slowly when they turn.


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