@dampedspring Thanks, makes sense. Regarding the third, I expect a reckless response to some sort of crisis out of this administration. Yes, they have been talking contractionary, but I doubt they hesitate to rack up more debt when presented with an opportunity to do so.
@WallStreetApes You need to tell them you're moving out of the country. They only have one rebuttal: is there anyone else who could take over your service? Just say no and you're done. I've moved to London and Amsterdam. Paris may be next 😉
@VladTheInflator@nickgerli1 I agree generally, but in the 80s housing was a good investment because prices kept going up. That's the boomer argument to buy a home now. However, with prices high relative to incomes AND payments at extreme levels, I don't think that's how this ends. It's not just about rates
@PauloMacro Maybe, but currencies are only priced relative to others. If you think this is a US only phenomenon... Europe is far worse. Then you have Canada, Mexico... the Western World is all in the same spot.
@HenrikZeberg Have you considered that the gig economy (uber, doordash, etc.) Didn't exist before? That should mean we have a greater lag on unemployment.
@ChartingProdigy I really don't understand this. The Elliott waivers of the world call for a higher high. Old school RSI says that will not happen without a lower low.
@bravosresearch You're either looking at the wrong yield curve (not 3mo / 10 yr) or you are mistaken. It does in fact briefly re-invert just before the 2000's crash and 2008