Exactly a year ago “pessimists” were fretting over what they called an “expected hard landing” (whatever that is) in China, doubling it up with “deflation fears” in the West. Anybody noticed that suddenly it’s Inflation Fears, Brexit and Trump that’s renewed their Valium prescriptions? (One good thing about these folks though is that their elbows and rear ends are interchangeable).
What happens in supply and demand terms when property supply is underweight to what the buying community wants, is that prices rise.
The performance of stock market indexes like the Dow Jones, Nasdaq, S&P 500 and FTSE 100 is considered the Holy Grail of financial reporting, and yet their overall performance means relatively nothing to most every investor on the plant.
“People wear being busy like a badge of honor. But being busy doesn’t really tell you anything about what you’re accomplishing. Anyone can be busy.” – Ben Carlson