Wed, 29 August 2018
CW 1049 - Is A Recession Coming, Trickle Up Default, Yield Curve, Short-Term Rentals Hawaii Conference & More
Jason Hartman and Doug take today's episode as a chance to look at some key happenings in our world today. By now you've heard Jason discuss how there's a softening in prices at the top of the housing market that is likely to slowly trickle down into other price ranges, but Doug says there's another metric to look at that's also telling us a recession is headed our way.
With stocks on a 10 year run, we know it can't stay this way forever. Jason and Doug look at whether the US investor's propensity to demand immediate gains by companies may be hurting us against our foreign competitors. They also look at the upcoming Profits in Paradise event and what's happening in the short-term rental market.
[2:07] Doug says there's a better sign of an upcoming recession aside from an inverted yield curve
[5:34] Trickle up poverty
[8:46] The rich have resources in the hard times (helping them get richer), the poor get hurt by them
[11:56] We're now on a 10 year run in the stock market, how much longer can we go?
[15:53] Asia's long term view for companies could be a problem for instant gratification that the US is plagued with
[19:14] Long economic expansions makes people forget that counterparty risk is real
[23:49] This housing slowdown is starting at the top and will work its way down
[26:36] What Doug is excited about for Profits in Paradise
[30:48] Where is all the additional demand for hotels and short-term rentals coming from?
[33:04] The best strategy for short-term providers