James Stack
James Stack
dollars homes percent value year
And the value of these unsold homes in the U.S. now exceeds (a) half-trillion dollars - up 33 percent from a year ago!
comparison favorable historical perspective prior
The comparison of the 2000s (to the prior two decades) will not be favorable from a historical perspective.
declining fully generally hovering interest large moves near rates scenario starting stocks valued
We are starting with stocks fully valued and short- and long-term interest rates still hovering near four-decade lows. Large bull-market moves are generally accompanied by, or preceded by, declining rates, and we don't have that scenario today.