The economic commentator, Peter Zeihan, made an important point this week. Trade deals take a very long time to negotiate. They can sometimes take as long as ten years to finalize.
One of the funniest memes of all time?
The iceberg owed Tony money? Hahahaha!
Despite the more optimistic talk from the White House, China claimed this week that not one trade negotiator from the U.S. had reached out to China. I don't think anyone is lying on either side. I just think President Trump doesn't have enough trade negotiators.
The fact that so many trade deals are going to be delayed (everybody is rushing, but these are complex deals) means that the higher cost of imported copper, steel, lumber and other inputs is going to drive construction costs through the roof.
Interesting to us real estate guys is the fact that home sales plunged 20% last month, compared to the same period last year. This may not be the best time to sell a home that you will never be able to afford to rebuild.
Your confidence will soar.
My little company will enter this next great recession
with $70,000 in loan servicing fees every month.
We will there to collect our loans and protect our investors.
With trade disrupted, a recession is a pretty sure bet. It's also been 17 years since the last great recession. "It may be time," as Warren Buffet might say, "to see who has been swimming naked."
You can invest with Blackburne & Sons with just $5,000.
You will own a tiny piece of a mortgage that you
personally selected. You even have title insurance.
Some of you guys are starting to inherit. You may not think of yourself as an "investor", but you are going to retire someday. The guys that stayed in dot-com stocks got crushed. The guys that stayed in subprime mortgages or used them, well... they got crushed too.
Carter was President when we started Blackburne & Sons.
I have survived three crashes in my 45-year career. I recently
moved my own dough into our commercial first mortgages.
Every day on LinkedIn, I (George Blackburne III) publish a cute, clean joke. It's like having your own personal joke service. Please invite me to link up.
