Housing is gonna go down hard next year. But the the fed will want to make inflation come down. They'll want to raise rates futher until unemployment claims go way up to cooldown consumer spending. This will make Housing even more expensive, consumer spending is going down though. So the increase in economic activity (gdp) could be because gas prices are down from earlier in the year. I don't know how next quarter things will look, feels like a truck going too fast to stop, and will stop via a giant explosion.
wirmyworm t1_iu0kx35 wrote
Reply to GDP, Interest Rates, and YOU by DoomerGloomerBloomer
Housing is gonna go down hard next year. But the the fed will want to make inflation come down. They'll want to raise rates futher until unemployment claims go way up to cooldown consumer spending. This will make Housing even more expensive, consumer spending is going down though. So the increase in economic activity (gdp) could be because gas prices are down from earlier in the year. I don't know how next quarter things will look, feels like a truck going too fast to stop, and will stop via a giant explosion.