I see financial catastrophe for many.The reason is an unsound...

  1. nippy
    14,530 Posts.
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    17/11/24
    11:38
    Post #: 76643278
    I see financial catastrophe for many.

    The reason is an unsound wealth effect with 'everything up in price' so the spending goes goes on for some while others become homeless on an increasing scale.

    The first big falls will have a concatenating effect and almost overnight the wealth effect will be gone and the big employment falls will begin.......
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