Even the slowest movig socio-economic variables are subject to forecast error ...
Even forecasts for population are subject to revision …
Housing bites back …
Sorry bites back … FANG … couldn’t resist the pun….
But again supply constraint is the important theme …
Great chart …
Wise words from Charles Gave...
Personally I think its important to define failure and then measure and understand your errors ... if you can't ever admit that you were wrong then you will never be able to refocus and move forward...
European commercial property prices ...
Data speaks for itself...
Its easy to forget that the unemployment data in Europe is now as good as it has been since the mid 1980s...
Supply constraint ...
Am thinking that this now clearly shows that despite all of the suburbisation discussions urban living remains a key real estate driver ...
Almost ... made it ... to ... zero...
Remembering of course that at current spot CPI that is a -5% real rate...
Persistent or temporary ...
