“ it seeks to tamp down runaway inflation without creating a recession”
“Creating”????? Two consecutive quarters with a GDP at zero or negative growth or means the country is in a recession. This happened at the end of June.
It could get worse. The only thing the FED can do is decrease demand. The government needs to change course to in crease supply, which would interfere in their green agenda.
Now the big investors are buying up mobile home parks. Then they increase rent. This could hit elderly bad, as there are a lot of retirement parks. Increasing the rent could force them out, and since most of them own their mobile homes they could lose them as it is expensive to move.
“You will own nothing and be happy”