I try to be a long-term thinker and filter out all the short-term noise. That’s hard nowadays, because there is so much short-term noise!
Just a handful of things that have happened in the last 24 hours:
Trump is more or less blowing himself up. Walmart is buying Jet.com. Bill Dudley says the Fed will hike rates, when everyone knows he is full of malarkey. Vancouver housing prices are up 32% year over year, but sales are down 19%. Any one of these four things would be big news, especially in the dog days of summer. But all four? It’s crazy out there.
Now, my boss, Ed D’Agostino, once told me that the cardinal rule of free newsletters is to only talk about one thing at a time. I’ve more or less stuck to that over the last two years. But this time, I can’t stay focused. I can’t resist the temptation to dive into the short-term stuff.
So here we go. Put your boots on.
I’ll go in reverse order:
4. Yes. Vancouver housing prices are up 32 freaking percent from last July.
This post was published at Mauldin Economics on AUGUST 4, 2016.