Loading ...No matter what bounces we’re getting and now matter how Powell wants to reimagine it we’re in a recession. Unless someone can see something I can’t only stopping the tightening and rate hikes will the market recover. But then if it does what about inflation Demos going hog wild on.
Notice how the Feds keep watching unemployment numbers? He won’t figure inflation is under control until the unemployment numbers are up and that never counts real unemployment numbers when people dropped out or retired.
He wants people to lose their jobs. People lose their jobs if businesses are having trouble and can no longer afford them which can cause a domino effect because the jobless can’t spend money. Any debt they have with a recession they’ll want get out of even if downsizing or selling.
Then you got open borders. They don’t just want people to lose their jobs they want them to get PAID LESS and probably why there diluting with more people or increasing the number looking for jobs driving wages down because they equate higher wages as inflationary.
Never mind the housing costs people can’t afford now. Never mind they want them to get paid less AND raise taxes.
Never mind higher wages didn’t cause the inflation the government printing press did. Trump improving the economy lowering taxes inviting higher wages without having to raise prices didn’t cause inflation.
But they don’t want to go that way. They want us to pay for it by raising taxes abd thus the extra IRS workers.
Housing doesn’t work as fast. Can’t buy and sell it as easy in a recession. It could keep heading down for years.
Nevertheless for now anyways that will be a interesting phenomenon, higher mortgage or rental costs, lower wages. Then the energy prices, a side line of the greenies. There gonna battle heat waves or winter temperatures with power outs or exploiting prices with cutbacks.
All we can do is watch the fed and the unemployment rates.