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re: I’m not saying we’re screwed, but I’m starting to wonder
Posted on 3/14/23 at 2:47 pm to FLObserver
Posted on 3/14/23 at 2:47 pm to FLObserver
quote:
Looking back on it that whole Covid response created a monster. Shutting everything down, stimulus checks, unemployment benefits etc...Hind sight but dang bad decision after decision on that one including fed not raising the rates when the money was flowing.
dropping rates to 0 in March 2020 was a bigger handout than any of that.
White-collar homeowners got to refinance and renovate while also making more money than ever since they can work from home. The first noticeable supply chain issues were all building materials and finished home goods.
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