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There is a lot of "holding back" going on craigiri, with the upcoming election and all the uncertainty people and companies are sitting on their money. More apartment and housing projects are finally passing permit stage and coming online as with all the studies reviews land use and the like this is a slow process. Things vary largely by area of course, but I'd say you missed the peak time to sell unless Trump see's another 4 years. This is part of the typical cyclic economy. Economy goes up, more people want goods and homes coming out of a long stagnant market that saw a lot of constructors go under in 2007/2008 ....prices go up too much, those buyers (smart ones) hold off until the next downturn or recession instead of going "debt up to your eyeballs".
There are many other countries we can buy things from. There are other casinos. You make it seem like China is the only casino
China is the only one playing the game like a casino. The government owns the land and the buildings and is using their massive trade surplus money to build up the manufacturing infrastructure. It'd be like our government giving GM free land and a factory building to produce cars in, of course they'd be able to produce cars much cheaper. As a nation, our trade is far better balanced with most other countries 10% over, to close to balanced) so this doesn't happen on a large scale else ware.
I have removed as much "China" from my personal consumption as possible. Garage sales have been great for replacing Chinese repeat failure items like blenders and electric can openers with ugly mustard yellow and khaki green yet built-to-last-a-lifetime US made relics of the 70's and 80's. Unfortunately, there is no DVD players from this era to fall back on.
I don't agree that trade deficits are meaningless. We can import something from China that costs $2 and have everyone from the container shipping company to the trucking company to the distributor to the retail store mark it up and call that markup "GDP"...but at the end of the day China still has that $2. Do that 6.5 trillion times and there is the majority of our national debt.
China has played their hand brilliantly, using OUR money to subsidize the construction of their manufacturing facilities and infrastructure. Much like a casino rakes in the money on slot machines, and uses it for an expansion to add more slot machines, and the gamblers (in our case-the consumers) keep on coming. Eventually we will face the same fate as the gambler, the house always wins, and the gambler will be broke.
That two dollars for the widget that China sells to us in Walmart was freely given by American consumers because it was the best product at the lowest price and there was no American manufactured equivalency. With Trump's tariffs, the cost for that same item is now 2.50 to the American consumer so people will buy less widgets.
Can we get some posts saying "My IRA is going well"????
My IRA is going well...the money I put in regularly from my next pay check will buy a lot more than it did 2 weeks ago! Plenty of time for that to work out in my best interest.
Unless you're close to retirement. Looks like Trump is doing to the country what he did to his failed businesses that went bankrupt.
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