Bitcoin and Crypto Talk (Merged)(includes NFT)

bclemms said

My point wasn't that housing will crash. It was simply that there doesn't seem to be a lot of movement and something still has to give. Either people start cutting bait at lower prices or people begin buying again and the market heats up again. I never got into the NFT thing, seemed like a scam but if the top end truly falls out I would be interested.

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Oh, I agree something has to give. The economy is doing well enough to keep things afloat for now, but it's certainly not sustainable with the ongoing wage destruction. People's buying power has been going down a while now and having to work harder to maintain the same standard of living. It's gonna get to a point where even kids staying home well beyond 18 is the only viable choice for a lot of families.

I'm fully expecting we'll see significant jumps in unemployment in the next 6 to 12 months. Once that starts, some bubbles are gonna pop. I think the Fed is making a mistake with amount of messing with interest rates they're doing. They're playing with fire imo.