Well, the "now I'm depressed" part was more in referring that I started thinking about the economy after the movie, and realized that we're in for another recession soon.
A recession is always possible but I'd say it's much less likely then usual right now in North America. The great recession made people risk averse and there is a lot of overdue investment. Europe will continue to be a drag on the economy but the US economy has been growing in spite of that for a long time. Chinese imports from the US aren't a big enough factor to derail the US economy for more then perhaps a quarter unless there is a truly epic meltdown like a civil war. Plus a slowdown in Chinese manufacturing means cheap commodities which is a boost for the American economy.
You know, what with the tech bubble and the Vancouver housing bubble which I'm not entirely sure are unrelated (the housing bubble in Canada is primarily the cause of Chinese investors worrying about the instability of the yuan and investing money elsewhere in a more stable medium i.e. Canadian property; the tech bubble is overzealous investors creating an ever-growing pool of "unicorns" or billion-dollar evaluations for companies that wind up not turning a dime in profit).
I am not closely familiar with this but my quick googling indicates to me a 30% increase over 3 years for Vancouver prices. While that is a rapid expansion, it's not so rapid that it couldn't reflect an increase in demand rather then a bubble. And it's not terribly unlikely to think that prices were low 3 years ago so this just represents a price correction. For instance if we compare this series:
https://research.stlouisfed.org/fred2/series/ATNHPIUS38900Q# (not just vancouver but it's longer term for best I could find quickly).
Compare the gains of the past 12 years to the 12 years before that.
2015-07-01 250.36
2003-07-01 153.19
1991-07-01 75.01
Past 12 years, increase by %63.4
12 before that, increase by %104.2
So the gains are not outlandish in the context of a strengthening economy. Furthermore we have strong anecdotal evidence for where the demand is coming from, a tech sector that is hiring yuppies and chinese people with money.
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Topic: Murrican Politics Megathread 2016: There Will Be Hell Toupée (Read 1571016 times)