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For the markets going down the drain, people being laid off now losing their jobs, and slowly but surely people are also going to start losing their homes as the housing bubble pops.
Time and again they have created these asset bubbles by financial engineering and there is zero accountability - they are free to do any sort of manipulation that causes a huge amount of pain to ordinary citizens. When is this going to stop?
People now are going to lose jobs, people will not be able to retire and there is going to be carnage all over... and these people in suits will simply shrug their shoulders and give some BS spiel about how they are trying to "save" us, please!
So the question is this - what sort of accountability should the Fed have to prevent these types of bubbles in the future? This looks like this is going to be the 3rd major bear collapse in 20 years, historically there is supposed to be one every 15-20 years or so.... but the appetite for financial engineering and manipulation is causing these to occur more frequently.
Unemployment is low and getting lower, are you making up a houses crisis?
making up? Are you serious dude? Mortgage rates are projected to be at 7% by end of year, what do you think that will do to housing?
And layoffs are starting in force, Carvana, Netflix, Meta etc. etc. list is growing...
Fed policy is flood the system with cheap money, inflate ridiculous bubbles, then pull the rug from under all the people on top... that is supposed to be acceptable?
Housing crisis will hit soon. Rates and low inventory are the issues right now.
Cost to build is high too, and not going to get any lower.
8.5% interest rate yesterday, and 8 something last month.. Hang on..
making up? Are you serious dude? Mortgage rates are projected to be at 7% by end of year, what do you think that will do to housing?
And layoffs are starting in force, Carvana, Netflix, Meta etc. etc. list is growing...
Fed policy is flood the system with cheap money, inflate ridiculous bubbles, then pull the rug from under all the people on top... that is supposed to be acceptable?
Raising rates don’t make a housing crisis, we aren’t in one, unemployment is dropping. So again are you making things up? Certainly at best you are crystal balling this
making up? Are you serious dude? Mortgage rates are projected to be at 7% by end of year, what do you think that will do to housing?
And layoffs are starting in force, Carvana, Netflix, Meta etc. etc. list is growing...
Fed policy is flood the system with cheap money, inflate ridiculous bubbles, then pull the rug from under all the people on top... that is supposed to be acceptable?
Calm down - I can recall 10%. You want to borrow your house. You have to pay the rate.
Unemployment - work in my industry and you will scratch your head over rude, unpleasant, entitled, because I have to do this for unemployment, .... .
Prices are up from baby formula to 4x4s. Look towards a certain part of the country and complain there.
Housing crisis will hit soon. Rates and low inventory are the issues right now.
Cost to build is high too, and not going to get any lower.
8.5% interest rate yesterday, and 8 something last month.. Hang on..
As harsh as this sounds, a correction needs to happen. Prices ran up way way way too fast.
Although painful, it needs to happen imo.
Same for the stock market - although not to the same degree.
making up? Are you serious dude? Mortgage rates are projected to be at 7% by end of year, what do you think that will do to housing?
And layoffs are starting in force, Carvana, Netflix, Meta etc. etc. list is growing...
Fed policy is flood the system with cheap money, inflate ridiculous bubbles, then pull the rug from under all the people on top... that is supposed to be acceptable?
Whatever the Fed does is far better than the boom/bust cycles the country had before the Fed learned how to work the money supply.
Housing crisis will hit soon. Rates and low inventory are the issues right now.
Cost to build is high too, and not going to get any lower.
8.5% interest rate yesterday, and 8 something last month.. Hang on..
You mean inflation, not interest rates.
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