Quote:
Originally Posted by ASAP
Yes, it's an amazing shape... the only thing holding this house of cards together is a consumer who appears to be willing to go into debt at all costs to continue spending lol.
CPI is roaring back, jobs numbers that are revised by 50% after a month, auto repos are roaring up and household debt is at an all time high...
This only goes two ways... spending slows and we slip into full blown recession... or the govt continues to paper over the problem when the money printer is turned back on by the end of the year full blast... resulting in well even further inflation. Our current scenario is absolutely decimating people at the middle income and below.
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What do you mean the CPI is 'roaring back?' That's not even close to correct. Wages have been stabilizing for awhile and the job growth has been in travel + leisure. Are you just parroting what you see on the news? Energy has nothing to do with the Fed.
The 'consumer' as you put it are all grandfathered in low interest rates for the most part and are immune to what's happening. Just stop with this madness okay?