11-19-2022, 02:28 PM
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#13035
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It's just a ride.
Join Date: Dec 2010
Casino cash: $1750360
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Quote:
Originally Posted by Iconic
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.
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December 2021.
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12·12·11 回 RIP Turd Haley
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Posts: 8,003
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