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Tucker will make Liberal heads explode tomorrow !!
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<blockquote data-quote="Montana&#039;eer" data-source="post: 3030796" data-attributes="member: 113417"><p>The reason we had the market we had is because:</p><p>A. The world manufacturing sector shut down. It was a broad swath due to COVID- a novel virus. And I don't necessarily blame Trump or Biden for that. It was an unknown and our states reacted.</p><p>B. The world, including the US, pumped money into the system at a record pace. The Trump administration supported it (remember the Treasury checks that bore his signature?). Biden continued with another round.</p><p>C. We had a shortage of goods (remember manufacturing shut down) and too much $$ in the system= INFLATION. Too much money chasing too few goods.</p><p>D. Now we had inflation, a BURST of it. It takes time for the market to equalize. The FED screwed the pooch by not raising rates soon enough, and a R/E market bubble appeared.</p><p>E. Real estate is starting to correct, inflation is down, and now markets and prices will begin to recalibrate.</p></blockquote><p></p>
[QUOTE="Montana'eer, post: 3030796, member: 113417"] The reason we had the market we had is because: A. The world manufacturing sector shut down. It was a broad swath due to COVID- a novel virus. And I don't necessarily blame Trump or Biden for that. It was an unknown and our states reacted. B. The world, including the US, pumped money into the system at a record pace. The Trump administration supported it (remember the Treasury checks that bore his signature?). Biden continued with another round. C. We had a shortage of goods (remember manufacturing shut down) and too much $$ in the system= INFLATION. Too much money chasing too few goods. D. Now we had inflation, a BURST of it. It takes time for the market to equalize. The FED screwed the pooch by not raising rates soon enough, and a R/E market bubble appeared. E. Real estate is starting to correct, inflation is down, and now markets and prices will begin to recalibrate. [/QUOTE]
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