As always, great article. I don’t know if I’m as confident it won’t be pretty crappy come 3rd and 4th quarter this year. I think even if the fed slows down on rate hikes, the effects of 6% internet rates have yet to be felt in our economy.
I agree that it certainly can get worse. But I am not seeing that on the ground right now. And if the Fed does pause, I think the economy is structured such that assets might rip again. The material I’ve been reading is so full of Very Terrible Things (my confirmation bias) that I wonder if that is our (my) blindspot. I fear that we are just too primed for 2008 part 2 that we are blind to other possibilities.
As always, great article. I don’t know if I’m as confident it won’t be pretty crappy come 3rd and 4th quarter this year. I think even if the fed slows down on rate hikes, the effects of 6% internet rates have yet to be felt in our economy.
I agree that it certainly can get worse. But I am not seeing that on the ground right now. And if the Fed does pause, I think the economy is structured such that assets might rip again. The material I’ve been reading is so full of Very Terrible Things (my confirmation bias) that I wonder if that is our (my) blindspot. I fear that we are just too primed for 2008 part 2 that we are blind to other possibilities.