Thread: Money Investing megathread extravaganza
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Old 06-23-2022, 08:26 AM   #13112
Chazno Chazno is offline
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Join Date: Nov 2004
Location: asdf
Casino cash: $4467963
Quote:
Originally Posted by scho63 View Post
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.
If this is the case, why is the media trying to say that the government giving stimulus checks to the US consumer is the cause of all this? Isn't that one of the ways they got this money?
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