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comment by kleinbl00
kleinbl00  ·  3675 days ago  ·  link  ·    ·  parent  ·  post: Millennials Aren't Cheap, They're Broke

Good on ya. Be warned, though - the macroeconomists are starting to blow the warning horns. Strong dollar means weak exports and all the foreign-owned REITs are in trouble. The real estate sector is looking soft, too. It won't be 2008, but there's likely a correction coming.





Kaius  ·  3674 days ago  ·  link  ·  

Have you got a partucular source on that? I want to read more about it.

kleinbl00  ·  3674 days ago  ·  link  ·  

John Mauldin did a pretty good job of describing Quantitative Easing, QE2, QE3 and all the rest before it happened. I'm subscribed to his newsletters, which include three or four thinkers.

I also follow David Rosenberg at Gluskin-Scheff. He was chief economist at Merril-Lynch.

I tried to post some links, but all the stuff I'm seeing is in password-protected email distribution. Suffice it to say that I haven't paid a dime for anything so it won't hurt ya to sign up.

Kaius  ·  3674 days ago  ·  link  ·  

Cheers

rene  ·  3675 days ago  ·  link  ·  

Thanks! Honestly, I'm anticipating a foreign investment increase supporting the economy. I plan to move in a few months once I've built up savings so I can take advantage of it. Real estate may dip, but urban markets have a lot of growth potential - I know in Boston there has been a lot of foreign investment recently in urban real estate.

kleinbl00  ·  3674 days ago  ·  link  ·  

Thing about foreign investment - it goes further with a weak dollar. Dollar be strong and getting stronger. You're right about the growth potential - but you're talking long-term and I'm talking near-term. Just keep your eyes open and your powder dry is all.

rene  ·  3674 days ago  ·  link  ·  

Will do - these next few years are about my learning and exploring more than anything, success is an externality to me haha