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Comments by "BrickTop" (@bricktop7803) on "Real Estate Investors Begin to Panic as Multifamily Loan Volume COLLAPSES in Final Weeks of Year" video.
Grandma Yellen at the Treasury has told Powell she needs to get unemployment up and wages down. This will reset the Housing market as inventory explodes and property prices collapse. The FED raising interest rates has choked the money supply and they want the underperforming businesses and banks to collapse. Its clearing out the dead wood. It is what Govt;s do every couple of decades. The surge in new businesses creates the growth the Govt loves to see. Not surprisingly, all this economic chaos will be at its worst AFTER the 2024 US election. But raising unemployment is risky, as these is no way of knowing how bad the unemployment rate is going to get. It could tip into the 25% range and you have a Depression on your hands. Every Govt has to have an economic reset so the cycle of growth can begin again. It is nothing new, the rich get richer and the poor get poorer. The poor are the Middle Classes, they do get hit the worst in these bad times. they think they have plenty of cash and a good lifestyle, but when you lose EVERYTHING, it comes as ashock.
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