Something's going to break ... soonIt's really amazing to see the ultimate inflation hedge get pounded when inflation is running at 8% and the cost of food, energy, and rents keep moving higher. Something's goiing to break. Europe is in dire straits with people now refusing to pay their energy bills. And China is also in bad shape with their RE bubble bursting and people refusing to pay their mortgages. I just think the debt that has been accumulated globally is on the verge of imploding. US RE is a prime example of that debt. And sovereign debt just keeps growing exponentially.
It's also amazing to see the US$ keep rising (wrt other currencies) when we have a debt/GDP of 125% and the Fed has a $9Trillion balance sheet and the national debt is $31Trillion and Biden keeps spending money and driving up the deficits. Truly amazing and irrational