Well wouldn’t that mean that retailers should be reporting record profits? Even Amazon had a bad quarter.
Also mortgage rates just doubled. That’s going to have a big impact on housing.
And the ridiculous price of gas is like a tax, which means people have less money to spend on other things.
The next couple of quarters will give us the answer.
Not necessarily, as they are being taxed by inflation just as well with rising costs and fuel costs.
Also mortgage rates just doubled. That’s going to have a big impact on housing.
It is going to have a negative effect on housing especially in the Summer months coming up when families usually move
And the ridiculous price of gas is like a tax, which means people have less money to spend on other things.
Many people got a cost of living adustment or raise. They are spending that money. There is also a lag before people change their behavior and adapt to the higher prices. Many people already have plans to travel and such. I believe we will see a staycation summer once again by many with such a "robust" economy as the Bidenites state.
The next couple of quarters will give us the answer.
It will be rough in my opinion.