Why you should be worried about the US property market

When investors get complacent, nasty surprises are often not far behind, say John Robson and Andrew Selsby of RH Asset Management. And there is growing evidence that the next nasty surprise for the global economy may come from the US housing market...

When investors get complacent, nasty surprises are often not far behind, say John Robson and Andrew Selsby of RH Asset Management. And there is growing evidence that the next nasty surprise for the global economy may come from the US housing market...

Complacency rules, the CBOE Volatility Index (VIX) is at multi-year low. At times of unbelievable complacency and high stock market valuations, we would expect the eventual surprise to be to the downside.

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