Loading ...I’m not saying this to be bearish because I’m hoping for a slow rebound coming or was till they upped the interest rates to .5 but both times they rebounded in 2016 and 2020 there was no interest rate hikes and inflation like we have now.
The inflation and gross incompetents to the point of lunacy leading to loss of confidence would seem to be the perfect storm. But we have this screaming inflation with despite the Feds move they’re still borrowing, spending and printing more inflation while threatening to cut off more gas supply’s where the talking heads will be putting more pressure on the Feds. They could only do one thing,raise interest rates. It’s kinda unknown territory. Even the SM is getting scared out despite their optimistic pure propaganda because this action is more than taking profits or pricing in the Feds hikes.
Yeah cars could have trouble because of parts their going to be even more expensive coupled with increasing costs of borrowing with rising interest rates. I’m guessing same for housing. With this economic oxymoron are we heading for a recession or a depression?
Although hoping for a rebound to start in PMs by next month or two with some bouncing around we have pressure on the Fed to do more instead of pressure on the lunatics in office. I hope it doesn’t but this could drag on into next year.
Mr Cooper
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