I going to say I think Karl is right about the housing bubble.

I am well aware of Blackrock and other whales buying up all the real estate. I think in the end this won't matter. The WEF/Davos like to think they are smart because they are rich. However, I think much of their wealth is built on leverage, courtesy of loose FED monetary policy, really since 1995 but especially since 2008. The FED being forced into liquidity drain will bring a lot of this to an end. I think a lot of the WEF/Davos crowd, that appear so formidable today, is built on the quicksand of such leverage, which will go away.

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Its all in the mitochondria.

Its the future and...you're not.