“This unwinding will be interesting to watch.”
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The only question is what will trigger the coming economic collapse? Its a sinkhole waiting to happen.
Will it be CRE, persistent inflation, shrinkage of discretionary income, or some external event?
And one wonders how can this government avoid further downgrades by the ratings agencies?
I thought it would have already caused a collapse.
I have learned that I have no eye for timing.
It has also been pointed out to me, whether true or not, that the reason we are still okay is because everywhere else is worse.
I don’t see how that’s good long term.
The whole concept of America has been living through one big slow motion black swan event ever since Biden cheated his way into power.