Yes, we are looking at a disaster of epic proportions. If you check the workforce participation rate it nosedived in spring of 2020, then recovered to half of its 2019 high.
The BLS says we have the lowest unemployment since 1969, well maybe, but we only have half the number of actively employed people we did one year, nine months ago.
Business cannot get the workers they need. About 100,000 businesses closed for good since the beginning of the pandemic.
The CPI throws out critical commodities such as fuel.
Parking lot owners renting space for 18-wheelers to be parked for weeks.
The housing prices will collapse (per a realtor with 30 years of experience in our local market—look it up on Zillow—houses in the ‘hood, broken down, dilapidated ones are going for $250,000; median household income here is $54,000).
We the People simply cannot afford Biden.
I guess it really depends where you live. My neighbors here in suburban NE FL (Jax) are partying like it is 1929. A new truck in many driveways. Construction workers working on the weekend, etc.
We the People simply cannot afford Biden.
Neither can we afford socialism/communism.
Only if the Fed raises interest rates - and since that will crash the stock market and make government debt unpayable, they don’t dare. Housing (and grocery) prices reflect the true weakness of the dollar. If they try to shore up the dollar, they crash everything else. The Fed is completely screwed…