Quote:
Originally Posted by Jim in CT
if you’re not hoarding cash, you’re not paying attention.
Soaring interest rates, increases in credit card debt at higher rates, silicon valley giants announcing layoffs, god knows what’s going to happen to energy prices this winter, god knows what’s going to happen to housing prices with soaring mortgages of inventory ever increases,,yiu habe to think these interest rates are going to stifle consumer spending at some point, and that’s what drives our economy.
It’s not all bidens fault, Trump and Obama and Bush spent like lunatics. We’re due for a recession.
sell stocks, hoard cash, get back into stocks after the correction, hold
for years, you’re welcome.
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Same thing happened in the 1990
My mortgage interest rate was 10%
we survived and we’ll survive again
It could alway be worse UK inflation hits 41-year high of 11.1% as food and energy prices continue to soar
It’s global
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