Demand on everything increased due to easy access to cheap money. The stimulus cheques were great but how many people saw their house appreciate by 100k? Lots, and people leveraged up. Literally everything ran hot. So hot that we can expect money to get significantly more expensive and if the Fed ian’t careful a possible recession.
Not a doomer take but money was cheap and east and folks blew their brains out on debt. That debt is about to get significantly more expensive. Asset prices will follow.
|