by John Rubino
Real estate investor Marcel Arsenault has racked up Warren Buffett-scale profits over the past few credit cycles by loading up on “empty buildings” at the bottom, filling them with paying tenants, and then selling at the top. In a recent message to investors, he warns that the current market is especially tricky. Here’s an excerpt:
Our Rationale for a Highly Dangerous “Lazy W”
• The U.S. is already experiencing extremely sharp job losses.
• We project 26.9 million jobs lost between March and May, 2020.
• This implies an unemployment rate of 21.4% by May, 2020 – the highest since the 1930s.