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| Topic | The housing bubble is about to burst, interest rates up over 6% |
| Dan_Haren- 09/16/22 7:58:21 PM #61: | Cleo_II posted... Whats sad is a lot people are hoping this will happen just so they can buy a house for cheap. Its pretty sick. I may be stoic but I don't think hoping for it or not makes a difference. But in order to squash inflation for long term we may actually need that to happen. If people keep their jobs and wages go up..inflation will stay high. That eats into people's savings and retirements. It just delays the inevitable suffering. It may be better for the long term economy to crash hard and go through a tough period and then get back on its feet. The fed literally told us there will be suffering....people are now believing them hence the market plummeting. But alot of people still think he fed will be soft. The fed lost credibility last year. So you can bet anything that they mean what they say now and fully intend to get their credibility back. And the last thing the fed told us is "there will be suffering" ... Copied to Clipboard! |
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