tucker6 |
04-14-2024 12:06 PM |
Quote:
Originally Posted by PaceAdvantage
(Post 2939383)
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Odd that you posted that video. I received two emails overnight about an impending very large market drop. 20% drop was the good scenario.
Consumer credit availability is running dangerously low which will effect spending over time. Layoffs and recession follow. A deep one too. With debt being $34T, we don't have any manuverability to stop a fiscal disaster.
The housing market is locked in place with high interest rates and ever increasing home prices. The only people buying are doing so with cash.
Something's got to give. As each month goes by, the risk of 2008/09 housing recession looms larger. I see some saying year end, but it's hard to tell.
As I see it, a full recession is already baked into our future, and I'm not a pessimistic person. Just an economist.
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