Summary
Phil announces a revamped PSE Indicators page, including historical indicators from the prior cycle (from 2000) to help compare patterns. He emphasizes all indicators should be viewed within cycle context. London observation: rough sleepers are now on every corner of central London — high land prices are starting to bite.
Key Claims
- High land prices are causing visible homelessness in central London as of September 2024. — confidence: high
- All indicators must be interpreted within the context of the real estate cycle position. — confidence: high
- Historical indicators from the prior cycle peak (2000+) are now available on the PSE site. — confidence: high