Housing may not be in a bubble. The yield curve – market timing tool? Why forecasting is hard.
Housing: Don’t compare the current housing boom to the bubble and bust (Calculated Risk)
The author makes the case that today’s housing market looks more like the late 1970’s than 2007. While price appreciation can’t keep going up by double digits, don’t expect house prices to fall either.
The predictive power of the yield curve (A Wealth of Common Sense)
Financial news networks have breathlessly been reporting the yield curve inversion that briefly happened over the past week. While it’s true that recessions typically follow an inversion, this article discusses why it’s a terrible market timing tool.
Deep Roots (Morgan Housel)
Morgan makes a good argument for why it’s difficult to predict the lasting effects of current events.