Quote:
Originally Posted by Biggd
We haven't really had a recession in over 15 years, other than the first 6 months of the pandemic and then prices took off. That's the only thing that really resets the economy and causes prices to decline. Prices on everything have gone up substantially and people are still working off that sub 3% borrowed money. At some point the consumer will balk at the increases and pull back. I don't think things can keep going up at this rate much longer without a pull back.
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The recession during the pandemic was actually just two months! Length of the recession aside, your point is well taken. I’m not wishing for a recession but when one hits many things will be reset as there is a lot of leverage in the economy.