Admittedly I’m not a finance guy. But what does this mean to an average middle class person? Like how will it affect their day to day lives?
Dollars are leaving foreign countries. those dollars will come back home, so inflation will keep rising. The fed is in a pickle. They need to raise rates to slow inflation but that would tank the economy. I saw one financial guy say that the fed was actually trying to reduce labor participation by 100,000 jobs to also help inflation....
These people are soooo stupid it's redic. If they cost people jobs they will go on government bennies and the government will print even more money.
Stock market to 24,000. Housing market will crash. Inflation will continue to increase in specific areas but demand will shrink to zero on tons of stuff so they'll sell it as inflation has stopped.
Buy food now. Keep as much as you can because food, rent and electric will continue to rise. Homes, cars and boats will be cheap as hell by next summer.
www.zerohedge.com
www.marketwatch.com
