RE:RE:No need to panic I am of the opinion that this talk of recession is somewhat just overblown rhetoric. Sure a few high paying jobs may have been lost. But many of these highly paid professionals weren't really necessary for the survival or success of their businesses. Once inflation becomes more manageable, these folks will likely soon be hired back! After all, many of them are simply the hiring professionals that are no longer needed in these very uncertain times.
The interest rate is simply returning to a more normal trend. Inflation in Canada is already trending downward. People are so easily panicked. It just kills the goose that lays the golden egg!
The hard core worker, mostly the little guy, just can't be let go. I mean you might as well just close up the shop!
As far as the auto sector goes, my understanding is that these same automakers, just can't get their cars and trucks out the door fast enough to meet demand! LOL
Prices are rising too because of the shortage of vehicles. What's stopping more sales is simply a lack of auto parts. Provide the parts and the prices will start to decline. It's a logistics problem. But it can and will be fixed. Turkish natural gas prices remain elevated but energy prices in the West have substantially declined. That will eventually factor into the inflationary picture as transportation costs continue to decline.
So should we think that a lack of supply will cause a recession. Not very likely!
People have just gone a little crazy. They get too easily rattled. Panicked sellers force financial institutions and market funds running mutual funds or ETFs, to sell everything down! Lots of good companies are being sold for no good reason. But the high flyers with little potential for making any profit were never worth the dollars spent, attempting to chase them them up. As always, the baby is thown out with the bathwater. That's just how the stupid system tends to work!
The fox is temporarily in charge of the hen house. But the farmer is about to take care of that situation. It's a problem that the farmer can fix rather easily. He has done it many times before.
The central banks will have to raise the rates just a little. That will put a cork back into the supposedly sinking boat. What a laugh!
All will be good again!
But the idiot Putin is still in charge of mother Russia.
Those fools never learn!
All the best! Java