Sort of a different take.
The "major" part is subjective but yea I think he's right.
New trucks shouldn't cost $100K+ and houses shouldn't be out of reach for the overwhelming majority of the country.
Regardless of where you sit on the socioeconomic spectrum it's pretty clear that things right now are not sustainable. Without a more than modest correction we could end up in some pretty wild territory.
The bottom line is since most global commodities are priced in our currency, the stronger we make our currency the less expensive everything gets for those who hold U.S. currency. Getting out of the Omnibus spending/subsidy business would go a long way.
Blah, they will try to print their way out of it and make things even worse.
The "major" part is subjective but yea I think he's right.
New trucks shouldn't cost $100K+ and houses shouldn't be out of reach for the overwhelming majority of the country.
Regardless of where you sit on the socioeconomic spectrum it's pretty clear that things right now are not sustainable. Without a more than modest correction we could end up in some pretty wild territory.
The bottom line is since most global commodities are priced in our currency, the stronger we make our currency the less expensive everything gets for those who hold U.S. currency. Getting out of the Omnibus spending/subsidy business would go a long way.
Blah, they will try to print their way out of it and make things even worse.