Here we go again?

Wasting time at the hell hole known as Gatwick Airport and reading the New York Times. Not sure which is more of a worry, Donald Trump or the European Central Bank paying banks to take their loans (basically, you pay back less than you borrow, which is a bit like getting a free small car with a large car loan). I see trouble ahead! Also reading about the cooling off of prime real estate in New York and auctions that fail to sell things.

I’m almost certainly reading too much intro this, but the fact that six near identical Ferrari Testarossa’s from the late 1980s and early 1990s were on sale at Bonham’s auction in Paris last month may say something significant about the state of the global economy. The fact that half of them failed to sell may say something too. In short, the bubble seems to be reaching its peak and the top end of this and many other markets may be calming down, which might be a prelude to a crash. Weak signal? Quite possibly.

This entry was posted in Economy, Weak Signals and tagged , , . Bookmark the permalink.

One Response to Here we go again?

  1. richard says:

    Should point out that the Tessarossa is a terrible car!

Leave a Reply

Your email address will not be published. Required fields are marked *