Been looking around numbers across the globe and nothing looks good.
Serious pressure on housing market everywhere. Housing bubble pop is usually how we enter a very serious recession. (Poor Japan spend so much effort to get back growth and inflation, only to lose it all to COVID, completely ruined their plan for Olympics)
China pre-crashed their housing market to prevent a big bubble with the 3 red tapes policy, but I doubt that's nearly enough since almost 30% of their GDP growth is on real estate. Employment number is the only decent figure, but more and more firms are cutting staff hiring.
There is a good clip of Peter Lynch where he explains why there is ALWAYS something to be pessimistic about.
But the history of humanity shows that long term we can be optimistic.
Pessimism sounds smart but optimists make money money money
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