The pain has only started. Business contractions further increasing Unemployment now.Then the home defaults. Then the lack of money effects sales..cars / services cut backs.
Powell will then drops rates quickly to counteract this by mid year.
This will allow recovery of the middle class...but the needy will suffer with joblessness and credit card depts.
The middle clasd with low rates will again purchase cars,trips, etc.
Only then will lithium stocks recover fully.
Read BYD has just begun to sell into Indonesia. Theie chesp EVs will do well there.
with the cutting back of production of lithium by some major producers with this demand will help us.
So the recession is digging in.
The next stage of new pain has begun for many.
Looks like late 2024 will be the money maker on commodity stocks. imo
AZL General Discussion, page-20778
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