Economic Gloom or Recovery? 5 Signs That One is Ahead

[aeqyjhjr31]

Yet we've seen "hopeful signs" of a housing recovery before. The larger trend for real estate points in the opposite direction.

[AdriennHar]

The chart shows that after a multi-decade bull market that tracked the major stock indexes, lobster prices (per pound) peaked in 2005, one year ahead of the global downturn. The timing of the lobster price top is so close to the downturn in home prices that the Maine Department of Marine Resources noted, "Interestingly, a 'lobster bubble' coincided with the national 'housing bubble' in 2006. ... The six-year divergence between per-pound prices and total pounds (shown by the trendlines on the chart) suggests that lobster mania will not be back for a long time. Luxury is a classic byproduct of a bubble.

[Affmonitor2017]

The "Great Recession" never ended. A more accurate way of describing the state of the economy is the onset of "depression."