Posted by Leonard Steinberg on March 18, 2011

The number of millionaires is almost at the level of those in 2007 reports the Wall Street Journal to-day. Bidding wars are back. There is a shortage of un-affordable housing. Kelly bags are wait listed at Hermes. Manhattan luxury pricing is breaking some records on even some 2007 prices. New Construction is soaring and dormant buildings have been bought out or brought back to life. There is a war in the Middle East. The Dow is around 12,000.

Does this mean 2007 is really back?

Soon we will be referring to these times as ‘2011’.