Wrapping Up the Week

Economy & Markets In Review

The big news this week was between Trump's government and China, which continue to trade barbs – but this week escalated the stakes through a series of currency manipulations (and accusations of manipulation) that should only heighten tension between the two world powers. Rodney was on vacation for much of the week, but turned his column space over on Tuesday to our colleague and noted China economic expert Chris Scott, who laid out what the future might look like after this week's events.

Rodney returned on Wednesday to a Texas Gulf Coast home he's been trying to sell, which had him thinking even more about the changing face of real estate, and what Boomers and Gen Xers (like himself) will do with the houses they've bought when they become ready to downsize. Millennials haven't shown an urgency to swoop in on those homes.

Harry actually had some research to support that notion on Wednesday; he's found that there's a larger market for renters than there had been in the past – buoyed in part by a return to renting for many Boomers, who don't want to incur the costs and stress of homeownership now that they're empty nesters.

All that helps feed Harry's belief that we're headed towards a crash – some time around 2023. Best to be prepared, with Harry, Rodney, and their sound advice.

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