So even before the Beer Cough Lockdowns many believed we were due for a recession, or at the very least an economic pullback. During lockdowns when nothing was being produced, nobody was working and nobody was traveling we saw the stock market, crypto, and real estate hit all time highs which made no sense. Eventually there will be a a price to pay for all the money printing and stupid decisions we made. Not only will we have to go through a recession that was due to happen in 2020 prior to the Beer Cough, we also will need to give up the insane gains we saw between 2020 and 2022, plus deal with the normal pullback we were due to have back in 2020, things are going to get bad.
It's my belief that everything is going to start to unwind following the Midterms on November 8. Currently the economy is being artificially propped up. The Fed doesn't want to really truly hike interest rates and be accused of affecting elections, Biden continues to try to prop up gas prices by releasing our strategic reserves as traditionally the party in power doesn't fair well when gas prices are higher, in turn lower gas prices helps at least a little bit keep the economy propped up. I also believe the media is hiding how bad things truly are, and once Midterms are over and there's no reason to keep the charade going, the media will reveal how bad things truly are, that in turn will change people's behavior and make people spend less and live more defensively and in turn that will not cause a recession so much as one is inevidable anyways, but it will be the thing that triggers the true recession to begin. I believe we're currently in a recession and all these articles about how we "may" enter a recession are kind of dumb, but that's where we are today.
As always I'd love to hear your thoughts on all of this so drop a comment down below.
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