USA in real trouble heading for stagflation as Powell has been an idiot and repeated the mistakes of the 1970's by lowering interest rates coming into an election.
Volcker had to send rates to 20% to fix the resulting 10 years of inflation and huge wage rises. Just look at Boeings 35% wage rise over 4 years granted and the Longshoremen getting even more.
Something is going to give - Yes Baza house prices are already falling at an accelerating rate in the USA.
