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Wow. I remember this is exactly what happened in 2001 and 2007. Maybe things are different this time.

Large landlords with experience are probably a better group to bet on (in terms of understanding long term economic trends) than startups.

Just like the bond market is a better indicator of economic growth than the stock market. More money, more professionals, longer memories, not as much optimism.

Edit: future economic growth expectations, rather.

As much as I'd like the US to crash to reality a bit so we can get our house together... a Chinese slowdown + European clusterfuck makes the US the best place to invest, still. That gives this boom a slightly longer lease on life.

In 2007 a lot of Europeans thought that EU and China would decouple themselves from the emerging debt/housing crisis in the USA.

Ah, decoupling.

I don't think the US is decoupled at all. It's just the least crappy house in the neighborhood.

See Lou Barnes for some interested commentary on this: http://pmglending.com/loubarnes/credit-news/

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