I just don't buy it. Everything is in limbo, house inventory is very low because no one sells their low interest mortgage. Commercial real estate is going to blow up any day. The stock market is buoyed by a few companies in AI craze. Startups are getting a lot less funding than before. Barely any IPOs in sight. Large investments are made by governments on borrowed money.
It seems to me that the only way things aren't awful, is because people are holding on for dear life and minimizing their burn rate. But the wall is coming, just very slowly.
That's just my impression, I'm not an expert. I would prefer being wrong.
It seems to me that the only way things aren't awful, is because people are holding on for dear life and minimizing their burn rate. But the wall is coming, just very slowly.
That's just my impression, I'm not an expert. I would prefer being wrong.