Read full text: https://market-ticker.org/akcs-www?post=252692
The economic storm, that is.
There is a lot of "rah-rah" over Trump coming back into office within days. But the economic environment in his first term was very different than it is now.
For one thing housing affordability was double what is today, roughly. That is you'd have to see house prices cut roughly in half with interest rates at a normal, positive-slope against actual inflation rate. Current inflation at the monetary level from the government is about 6% so this means a 7+% mortgage, or roughly equal or higher than it is now.
