No one is buying Jay Powell's hawk act. No one doubts the FOMC actually intends to keep hiking rates and keep rates up, but markets know it ain't happening no matter what policymakers think about the economy.
They're ALWAYS wrong.t.co/JY98hYnHw5 pic.twitter.com/wGoB76qXBc
— Jeffrey P. Snider (@JeffSnider_AIP) January 5, 2023
The largest bubble that banks ever created that they will now implode.
They got rich while Americans will starve in the street.
“On average, American homeowners must work 110 hours per month just to afford their monthly mortgages.”
housemethod.com/moving/hours-worked-to-afford-mortgage/
AC
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