There are TWO HUGE differences at this time that will create a soft landing for 85-90% of the US.
1. The US consumer still has a shit load of money
2. The US consumer is NOT over-leveraged like in the past so banks are in great shape
To me, the big wild card is if housing prices plunge then homeowners could be deep underwater and start walking away from their houses.
I don't think it will happen but home prices need a 25-30% haircut.
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~
2018 2019 2020 20212022 2023 2024 Adopt a Chief - Clark Hunt and Brett Veach
"The men who drafted Patrick Mahomes"
|