· Jerome Powell no longer believes the economy will have a soft landing.

· Joe Biden is creating severe moral hazards with student loan forgiveness.

· Most unsold new homes on the market since aftermath of financial crisis.

· Service sector is at its weakest since the depths of covid lockdowns.

· More consumers are relying on savings and debt.

· A Black Monday is possible.

· Bond market investors are clueless to the reality of inflation.







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