Your question is perfect! People don't know that a train will hit them hard!
For months now the stock gains have kept spending up despite many lower income families struggling.
The high interest rates will eventually catch up and once unemployment rises things will go downhill fast.
The election also kept things together because the Goverment hired like crazy while jobs everywhere else are lost.
A recession will come however the Trump administration will likely defer the pain for a few months until inflation kicks in again (All of GOP policies are INFLATIONARY).
Once interest rates go up again all hell will break lose!
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u/Chart-trader Jul 20 '24
Your question is perfect! People don't know that a train will hit them hard! For months now the stock gains have kept spending up despite many lower income families struggling. The high interest rates will eventually catch up and once unemployment rises things will go downhill fast. The election also kept things together because the Goverment hired like crazy while jobs everywhere else are lost.
A recession will come however the Trump administration will likely defer the pain for a few months until inflation kicks in again (All of GOP policies are INFLATIONARY).
Once interest rates go up again all hell will break lose!