Hi Elmat, A HK-based UK friend just got an order for 2 mm thermostat, at USD 1.25 net margin a piece, for the US from China, with warmth. Yup, spending on home is strong.
My mom's house in the Bay Area was bought in 1986, is the biggest in an old (circa 1930s?) neighborhood with big trees, built on 2 contiguous corner lots with large yard. The squeezed-in neighbor's small single-lot house just got off-loaded at 5 times my mom's purchase price. Son is thinking financial engineering, as in maybe perhaps mom would like to move in with aunt in Santa Barbara or uncle in Carmel and liberate equity for financing grandchildren creation <g>.
In any case, strange non-recession, bubbles within bubbles, surrounded by foam and fizz, all awaiting popping and cleansing still, obvious to the most casual of passing observers at 6,000 miles distance.
Chugs, Jay |
