Quote:
Originally Posted by Rain Man
Why do you think that? It's a boom time for younger workers who are more likely to have kids and who are still in acquisition mode on household goods. I would think that portends growth in retail over the next several months.
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IMO over leveraged economy. Credit cards are being maxed out, savings accounts dwindled, the wealth effect tells us that consumers spend more as asset prices rise. Well asset prices have risen, but only because of this toxic hyperinflationary environment created by the fed. They are now trying to fight the very monster they created through raising interest rates and tapering. When they do this, borrowing becomes harder, liquidity removed from the market, and hence the 'crash'.
Put simple, we are ****ed and the entire economy is in for necessary and serious correction. Not to mention Covid, Russia, and China fear plaguing 2022. It's a bad time to be a buyer right now. Pretty much everything is over priced.