This is what the CPI reports which is about as reliable as getting your haircut at Great Clips
With inflation still f**ked we now have record high interest rates causing consumer debt to skyrocket
Instead of cutting back everyone just continued spending as usual creating artificial demand that every idiot thinks represents a strong economy
Now people are starting to realize that JPOW doesn’t know what he is doing
The raise and wait policy failed short term because the data was overstated dog shit showing the illusion that nothing much has changed when in reality the Fed was creating an even bigger problem through debt
They are the black swan and haven’t figured it out yet
When this all goes down the shit hole it will happen faster than they can cut interest rates
They can raise or pause all they want now but nobody cares what they say or do anymore because it doesn’t matter
2024 is going to suck but I heard in 2025 everyone is buying houses again