Jason Hartman and I discussed the economic expansion and how much longer it can continue. The answer, contrary to popular belief and punditry, is that it can go on for quite a bit longer, perhaps many years. There are mega-trends taking place that can keep it going, almost indefinitely. Everyone already knows that this is the longest stock market advance in history. However, the real economy didn’t start moving until Trump’s election. GDP growth had been lackluster and anemic during the Obama years. The major opposing trend is a potential debt crisis lurking in the future. But, Europe is starting to send flight capital come to the US and that will be a strong countervailing force. And real estate is going to benefit from all of this, Bigly. Just wait, the best is yet to come.
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