The US for a number of years now (Clinton I guess?) has had a very perplexing unofficial policy.
Import workers and export jobs…🤔.
One thing I’m a bit curious about is what is keeping this recession at bay? Interest rates are high, companies are starting to lay off, inflation has caused most families to exhaust their savings and increase their debt, national debt has rocketed up.
Seems perfect ground for a massive recession.
The party is almost over. Savings are depleted. Credit is depleted. Defaults are on the rise. Inflation still significant. Rates most likely not done climbing.