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I thought that Home Depot topic was great. What I am wondering is what ya’ll are seeing out there in regards to any slowdown in bids for building. Naturally, bids come before housing starts and I just have a feeling this awesome wealth effect caused by the runaway(US) stock market the past decade is coming to a close.
People are so tuned into expecting a return of 20%+- on their investments thesedays for years to come and it can cloud judgement if you look at historical norms. Boom and bust cycles have been around for eons and this time around won’t be any exception.
Look at all the money that has disappeared from the NASDAQ since the big blowoff in March. I’m sure that is having an effect on many that had planned to build or remodel. Okay, while writing this, the NASDAQ is bouncing back, but I hardly doubt it will see it’s all time high for a good long time.
Interest rates? I always bought the three steps(higher rate hikes) and stumble addage(recession), but Alan Greenspan changed the rules a little by going 1/4 point hikes compared to the more common 1/2 and 1 point hikes of the past. I’ve always had high regards for Alan before he became Fed governer. But now I feel he’s playing with too much fire.
Anybody, please comment. My business hasn’t slowed yet but I’m in an area of Florida that doesn’t feel the economic slowdowns as much as other areas of the US and Canada. It’s probably Florida’s turn to bite the bullet..we’ve been too spoiled.
Thanks For The Soapbox!
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I thought that Home Depot topic was great. What I am wondering is what ya'll are seeing out there in regards to any slowdown in bids for building. Naturally, bids come before housing starts and I just have a feeling this awesome wealth effect caused by the runaway(US) stock market the past decade is coming to a close.
People are so tuned into expecting a return of 20%+- on their investments thesedays for years to come and it can cloud judgement if you look at historical norms. Boom and bust cycles have been around for eons and this time around won't be any exception.
Look at all the money that has disappeared from the NASDAQ since the big blowoff in March. I'm sure that is having an effect on many that had planned to build or remodel. Okay, while writing this, the NASDAQ is bouncing back, but I hardly doubt it will see it's all time high for a good long time.
Interest rates? I always bought the three steps(higher rate hikes) and stumble addage(recession), but Alan Greenspan changed the rules a little by going 1/4 point hikes compared to the more common 1/2 and 1 point hikes of the past. I've always had high regards for Alan before he became Fed governer. But now I feel he's playing with too much fire.
Anybody, please comment. My business hasn't slowed yet but I'm in an area of Florida that doesn't feel the economic slowdowns as much as other areas of the US and Canada. It's probably Florida's turn to bite the bullet..we've been too spoiled.
Thanks For The Soapbox!