Comments by "worn down" (@worndown8280) on "There Will Be NO Soft Landing..." video.

If the economy loses a million and a half jobs its ok. We have 10 million currently open. That is the problem. There is so much excess demand, from a decade of Fed purchasing assets and endless money printing and low interest rates, that a recession and job losses are the only way to address it. The bad news is that losing a million and a half jobs isnt going to be enough, that will mean we still have 8.5 million jobs open. And because of boomer retirement we will have at minimum 400k new openings every year. So interest rates will be going higher and longer than most people can believe. Things have only started. And once oversea markets start imploding, like Japan, China and Germany are currently doing (wow the next top 3 economies), all the things they once supplied us will have to be built here in north America again. This will increase job demand even more leading to more inflation. This is what the end of globalization looks like. Everyone being poorer.
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@MichaelBordenaro While that is the case for some, for most its a case of classism. Since the boomers we have pushed the young to college and now we have an utter lack of blue collar workers, the workers that keep civilization running. But we have battalions of HR Karen's who add little to nothing, and lets be honest probably cost the companies money, to the bottom line of companies, along with senior executive of toilet paper type jobs. This will change as margins tighten and profits implode. People will have to retool or take lower paying jobs, and in some cases it will be both. But I do like your content. The price for those apartment was insane. Considering what the average wage is in that area.
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