Comments by "BrickTop" (@bricktop7803) on "Federal Reserve Addresses Housing Market After Bond Market Spectacle, Homebuyers Priced Out" video.
-
Nice, RJ did NOT say press the dislike button....lol.... He has started to pivot, unlike the FED...hee hee.
Again Powell re-iterated 'Higher for longer' he is telling the markets, there is NO pivot for a year at least.
The only thing that is going to cool this hyperinflated market is a higher unemployment, and again, Powell has said that time and time again.
The only problem is, unemployment is uncontrollable, there is no way of knowing or controlling how bad its going to get. Its not the blue collar workers that will get hit, they supply essential services. But if you are a middle class, middle manager, they will let these people go.
The US banking sector is going to get hit really really hard, a lot of banks will close and a lot of people will soon find themselves unemployed.
8