Posted on 10/28/2022 7:13:21 AM PDT by John W
There were ominous signals beneath the GDP number once you start digging. This is one of them. The economy is not as healthy as that number suggests.
I dunno... Sometimes I feel like we may never “win” another election again. The D’s have cheating down to an artform.
Interest was 7% on a 30 year fixed last month.
Interest on a 30 year fixed could be double that in a year. I don’t know how far house prices will drop, but this could be a factor.
They don’t know what they are doing. They cause problems and destroy the economy to”save” it. Then they move the goal posts and cherry pick so they can claim they accomplished something.
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They fantasize about being Paul Voelker and slaying stagflation in the wake of the OPEC oil embargo.
Of course the situation is completely different. We at the dangerous end of a delationary period now, not the beginning. The danger zone here is depression, not runaway inflation.
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