a believer

Toll Brothers Remains Surprisingly Unscathed

Housing (which drove our domestic economy - houses are made of many things not easily shipped in from China) is in a multi-year, maybe decades-long decline.

In our area and I suspect across the country, the McMansions are being-reoccupied by the baby boomers' children, who could never afford a new house at today's service economy wages. I suspect that many, just like their parents, have poor money management skills. After all, most are still betting on the 10-20% returns they had been promised (by the financial services industry, of course) 'buying-and-holding' stocks.