Comments by "BrickTop" (@bricktop7803) on "Bill Ackman Says Fed Will Cut Rates Sooner Than Expected" video.

The Credit crunch is biting small businesses and banks really hard. The gorged themselves on cheap rate loans right up until 2021 and the pain is coming. The small businesses have to Refin their variable rate loans. They were keeping their head above water on cheap 2% loans, but to Refin at 12% or pay the loan off, is impossible for them, and they will be underwater and close their doors. Small and medium businesses make up 80% of the US workforce. Expect unemployment to rise to 15%, which is catastrophic for the US economy. Small and medium banks will go under as well. They are the ones carrying the can on these loans. But the FED is under instruction from the Treasury to bring down wages and curb inflation, and the only way to do this is high unemployment. But runaway unemployment is uncontrollable, and a lag time means the FED cant put the brakes on fast enough. One thing is for sure, they talk about a 'Soft' landing, which they know is IMPOSSIBLE. Its a HARD landing, but they cannot say this as their career will go down the toilet.
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