MainStreetChungus on Nostr: Housing slow down is probably the canary in the coal mine for the larger downturn, if ...
Housing slow down is probably the canary in the coal mine for the larger downturn, if people aren’t moving around they don’t spend money, companies make less money, they start laying people off and then there is a chain reaction.
The FED will then react with whiplash and lower rates to stop the carnage.
Published at
2023-03-08 16:31:13Event JSON
{
"id": "23f6714a108458f0dbd2178e3ec991c79d9768ac8b978ec088a7669c8f89ab7f",
"pubkey": "0b39c4074924b4bd13202f642628e1a55cff411a904cc17394263c0df0b9686c",
"created_at": 1678293073,
"kind": 1,
"tags": [
[
"e",
"983a7a7db9459b4b190455de41736775861e45495cf1fb83b496a9e873429b81",
""
],
[
"e",
"2ba319c55a2f447e6a3e70baf2f9d03055ece27604c53625221ca0550e52bdd9"
],
[
"p",
"472f440f29ef996e92a186b8d320ff180c855903882e59d50de1b8bd5669301e"
],
[
"p",
"2f8f2d8f210d52e6a964ccb70c391cb57a80e9e99b4b64924b5cf2938c86a49b"
]
],
"content": "Housing slow down is probably the canary in the coal mine for the larger downturn, if people aren’t moving around they don’t spend money, companies make less money, they start laying people off and then there is a chain reaction.\n\nThe FED will then react with whiplash and lower rates to stop the carnage.",
"sig": "c794c2d192bc61bfb53c9608c7798ccd0602b3cc24eb66c346eeb7f8d2f778cde740081c49ccdcee76613b7f1bfd697172bcb509afa87f413f77be6a8f69e119"
}