Inflation has also hoovered up nominal wage gains into fat corporate profits more or less confiscating all of that money. Consumers are about to come under a l

Inflation has also hoovered up nominal wage gains into fat corporate profits more or less confiscating all of that money. Consumers are about to come under a lot of stress. And interest rates aren't coming down any time soon, I just posted an article from a pair of Fed economists that predict rates being held high until 2026 (I expect we hit a recession which hurries that up, but nothing is going to hurry that up short of a recession).