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and almost overnight the wealth effect will be gone What's the...

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Bunn-Wackett

28,101 Posts.

1528

17/11/24

18:38

Post #: 76645865
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Originally posted by nippy: ↑

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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and almost overnight the wealth effect will be gone

What's the catalyst for this 'almost overnight' catastrophe?... Got a timeline?

If it's 'almost overnight' it has to be big!
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