Quote:
Originally Posted by Chick Webb
Yeah, that is the place the powers that be will not go, for sure, as it is the absolute worst possible scenario. But it appears we are there.
Higher-for-longer, or even higher-than-higher-for-longer, is the only solution. That will ultimately flush the money out as paper losses (in CRE, for example) turn into real ones, the government's ability to endlessly line people's pockets to buy their votes will be limited, and businesses will scale back spending further. But, so much economic activity is consumption-based now there is really only one thing that will kill the beast; unemployment. Several million people need to lose their jobs, unfortunately. Not sure when it will happen, but it will if interest rates remain here (or go even higher).
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yea i just dont see any other way out or why people are too blind to see this... you cannot still have markups on cars that sold at massive discounts prior to the pandemic... it makes 0 sense