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worn down
Michael Bordenaro
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Comments by "worn down" (@worndown8280) on "The Housing Market Just FLIPPED! FED Pivot Explained" video.
If the Fed pivots before the current inflation is destroyed we will have the worst of both worlds. We will have an economy damaged by the previously increasing interest rates and job losses but once the pivot happens inflation will explode and we will have something every modern economist think is impossible, an inflationary depression/recession. Eventually to fix the economy you will have to raise interest rates, again, this time exceeding the inflationary rate to kill it. But in the mean time the economy gets wrecked. People lose jobs assets lose value and that includes homes. Throw in demographic trends and this makes inflation via wages, due to lack of workers, almost impossible to control. The next few years will be interesting.
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