AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Isn't the Average Age Dead?
In a recent post for Schwab, you wrote mixed signals. They have been a cornerstone of the current cycle across both economic and market-based metrics. What mixed signals are you seeing? Well, I think it's tied to the really unique nature of this cycle that is unlike any other cycle because of the vagaries of COVID. If you hadn't been reading the media every day for the last six quarters about the impending recession, where would you see data that supports a recession? Where is it?Well, housing, you've seen it. After a historic run up though. So maybe not yet in price depreciation, but you have seen it in things like sales volumes of existing homes