Welcome to the party, Eric Rosengren! The Boston Fed President just delivered a landmark speech in Shanghai, one that went into great detail about the insane U.S. commercial real estate bubble. He included several charts and data points that mirror what I’ve been saying for the past year, and in “Fedspeak” basically said to watch out for a bust.Â
The problem? Rosengren’s own Fed helped inflate the darn bubble in the first place. Plus, his cautionary statements are coming too late. An inevitable down cycle is already baked in the cake. But I do appreciate the Fed validating my thesis. You can find all of Rosengren’s comments and charts online here.
Want to protect yourself against the down cycle? Or even generate profits from it? Then consider signing up for my All Weather Trader service … soon!
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Using Kondratieff wave I think we have one to two years to go.
Thank God there’s somebody who’s not afraid to go against the Washington/Wall Street talking heads party line. —Capt. “Red”