Comments by "Daniel Bradford" (@Falconlibrary) on "Buckle Up! This Just Hit The Housing Market (Big Price Cuts)" video.

  1. In real terms, 7.1% and 6.5% are basically the same. Rich people are very OK with inflation because they hold most of the assets, and the value of assets soars during inflationary periods. That's why you see the rich people's mouthpieces on the "business channels" throwing tantrums and demanding the Fed reverse course and low interest rates NOW--rich people want their free money back before the shaky businesses they've built on the assumption that the money fountain would never stop gushing all go belly up. I predict that Powell will reverse course, reigniting inflation this summer that will go into double digits. As bad as the economic damage from a recession is, it's nothing compared to what inflation does. Inflation destabilizes societies and we're going to see that in 2023.
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