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re: The Crash Will Blow Everyone’s Mind and It Starts Right Now 5/18
Posted on 5/18/22 at 11:35 am to Ace Midnight
Posted on 5/18/22 at 11:35 am to Ace Midnight
quote:
roughly, the bottom (I know, TWSS).
The Fed will be raising rates for most of the year. Energy is soaring. Just wait till the defaults start to happen. (Look at the revolving credit numbers)
Not likely.
2
Posted on 5/18/22 at 11:41 am to sawtooth
quote:
The Fed will be raising rates for most of the year.
True, but they're already telegraphed that so (at least some of it) is factored in. It may end up being a wash if it puts the brakes on the inflationary pressure. I mean, people can literally feel inflation right now - weekly trips to the grocery and gas station are real-time data points.
I'm bearish myself, but I'm not sure I'm in the "this will be worse than 2008" camp quite yet. Could be quite ugly, though. Hell, it already is.
Posted on 5/18/22 at 12:22 pm to sawtooth
quote:
The Fed will be raising rates for most of the year. Energy is soaring. Just wait till the defaults start to happen. (Look at the revolving credit numbers)
As of the 4th quarter consumers needed to use 14% of their after tax incomes to meet their financial obligations, which are debt service plus rents and payments for car leases and similar cost. For comparison, that’s lower than it ever was pre - COVID, dating back to at least 1980.
(Source: Brian Wesbury, First Trust chief economist)
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