Just pondering the thought of critical mass in humanity. Are we there? Im not talking about mass starvation and global illnesses I'm talking about 1st world critical mass. Were I live there are zero water front lots for sale, they have all been bought. In my work place (bulkheads/piers) its very hard to obtain material for regular jobs and almost impossible for large jobs. When I go eat, last night for example the resturants are so busy they don't answer the phone and when they do its 40 minutes for take out, there is an hour 1/2 wait for a table.
I see Texas in chaos (no power, food or water) because of a winter storm.
New SUV's are north of 70k and you can't find one for sale,
I think the next bubble is going to be upper-middle middle class people! Not sure what the bubble will do but the zero interest rate policy has driven an entire class of folks, myself included, into a area of spending ability they shouldn't have.
Just some observations
I see Texas in chaos (no power, food or water) because of a winter storm.
New SUV's are north of 70k and you can't find one for sale,
I think the next bubble is going to be upper-middle middle class people! Not sure what the bubble will do but the zero interest rate policy has driven an entire class of folks, myself included, into a area of spending ability they shouldn't have.
Just some observations