This 19th Century Japanese print is ubiquitous. So much so that we don't really look at it but there's something about the current housing market to be learn from it. Notice that the highest points are those with no support underneath. This explains rising prices with declining volume. Notice that there are more than one crest and not all at the same time or at the same level of development. Even so the little waves are about to be obscured by the larger swell. Thus the ripple effects when the major markets turn down. LA/OC will causes boats to overturn in Las Vegas and Tuscon. Finally, the bulk of the wave is behind the crest, this is analogous to my prediction that after the crest crashes there will be a storng continued orderly decline. There's more to read in the picture so I won't spoil the fun by pontificating further.
2 comments:
note that the smaller wave under the large one is a deliberate copy of mount fujiyama with exagerated features, as a joke by the artist - there are two little bumps on mt fuji in the same place as on the wave - if you get a bigger pic of mt fuji to look at...
there's a TV doco on this picture, and the artist behind it - these are meant to be fishing boats returning home after selling their catch in tokyo...
Yeah, I always knew that was Mt Fuji but knew none of the history, thanks. I was hoping for some one to point out that a rising tide lifts all boats but a crashing wave swamps them.
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