networkpro
Well-Known Member
- In the Parks
- Yes
Or just the business cycle doing it’s thing, we were due for one when Covid hit, we delayed it with the stimulus given to survive 2020. Now that the fed has turned hawkish and is removing that cash with QT it’s now happening. I don’t look at this as Fed caused, just delayed by them, and I think for a good reason. This downturn is the price we pay to have prevented the collapse of the world order in 2020.
Recalibration of the value of a dollar with the increase in the interest rates is one thing, resetting the expectations of the average person as to what their labor is worth is another. Reconciliation will be painful.