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RE: US Economy Won't Bounce Back to 2019 Levels Until 2023 at Earliest (Not Likely)

in Deep Dives4 years ago (edited)

We already had an inverted yield.curve last year. There has not been a fundamental shift in Fed policy. Real estate prices are still insanely high. The productive economy is still burdened by taxes and arbitrary regulations. Trump hasn't drained the swamp, and the COVID-19 shutdown was just the straw that broke the camel's back. My 2 cents, anyway.

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Yeah, the real estate bubble is pretty big. People think its a safe way to preserve wealth... lol.

Real estate and stocks seem to be the sinkholes for QE money creation. When the bubble bursts, it will look bad, and people will blame "the market," because people are ill-informed economically.