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02Aug2021 Market Close: Stocks, Bond Yields, And Crude Tumble As ISM Peaks, DOW Closes Down 97 Points, Nasdaq Flat +0 06%, WTI Crude 71 39, Bitcoin Lower 38900
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Shrinking Rolls Of Toilet Paper? Blame The Fed!
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Why Are Thieves Stealing So Many Catalytic Converters? – Investment Watch
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Investors Are on the Lookout for a Crash, But Prices Keep Going Up – Investment Watch
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by Doug French via Mises
Google reported in April that the search question “When is the housing market going to crash?” had spiked 2,450 percent in the past month, according to Diana Olick of CNBC. “Why is the market so hot?” searches had doubled in just a week.
Since 2008, everyone has been on bubble watch. The price of anything goes up, for any sort of reason, and it’s deemed a bubble, soon to be popped. The large number of searches implies those shopping for a new home are wondering if they are walking into a trap. Home prices have soared and no one wants to buy at the top.