All the signs are there regardless of the best efforts by Jay Powell and the Fed attempting to keep their crony brethren on Wall Street afloat. A first year economist at a junior college would be able to track the tea leaves scattered all around. First, when it comes to housing, mortgage rates are above 5% and climbing by the day. The Fed is hammering a 50 basis point rate hike with more coming throughout the year. Added to that, is the reality that the housing market has collapsed, by in large, for the vast . . .
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