The economy is not slowing down now, with the Fed rates as they are. Wages have been catching up for two years in a row now. Wages are actually on a roll. One of the biggest areas of mortgage finance growing recently is refinancing. That happens when two things conjoin - market values have gained considerably, producing “equity”, and interest rates are “good”. When refinancing is on an upswing we are in or near a housing bubble. Nothing in the economy indicates it is slowing down too much.
Wages have been catching up for two years in a row now.
...
Wages have been constrained for decades by the Federal Reserve and our corrupt government.
The Federal Reserve’s incorrect claim that economic growth causes inflation is the main culprit.
Wages have been stagnant for more than a decade it will take far more than 2 years for them to catch up.
The reality is there is closer to 2 decades of pent up economic growth that is finally being unleashed.
It will take more than 2 years for that to happen.