More Clear Signs of Recession, will they redefine Recession Again: 37% of real estate agents in the U.S struggled to pay rent on their offices for the second month in a row – December 12, 2022,
It’s pretty obvious the global economy is already in recession; luckily for politicians and lawmakers, they have fiat money and central banks because if the world was on a gold standard, chances are the recession would have been at depression levels right now. Currently, the world still accepts and values fiat money, namely the U.S. dollar, but if the U.S. consumer doesn’t start spending, there will little incentive to maintain the U.S. dollar as the defacto world’s reserve currency.
One of the interesting things to observe is the modern Democrat Party which appears hell-bent on not only spending but also overly regulating the U.S economy. These additional regulations on productive people, which now include hiring a record number of IRS agents, is making the U.S economy more and more inefficient, and if more money can be made in China than in the U.S, chances are the market will start looking for a way to change its reliance on hoarding U.S dollars.
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I’m not saying the U.S. dollar will be worthless, but what I am saying is that the U.S. dollar might start to decline on the forex markets, and that would present problems most Americans aren’t used to, like, being the PRIORITY for business owners. When you’re no longer a priority, shortages of things start to become more of a reality.
A lot of companies manufacture things for U.S. consumers for profit motives. Still, if the U.S. consumer either changes their spending patterns or can’t afford to consume like they once did, there will be less demand to hoard U.S dollars, which would also signal a rush back to QUALITY investments. if the markets rush back to quality investments, the U.S. dollar will drop, which may also signal Gold rising.
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Now, when the U.S. dollar drops, do not imagine that the cost of living will decrease in other countries; that is not how the forex market work; the forex markets are merely looking for increased margins. However, a debased U.S dollar with this regulatory environment doesn’t equate to more productivity, in fact, it will likely make the situation even direr because a decrease in economic output, along with regulations being where they are, and a declining U.S dollar will lead consumer PRICE INFLATION.
Asset price inflation doesn’t only occur when central bank rates are low; it also occurs when there are FEWER regulations on economic activity. If it costs more to build, it means asset price inflation has actually DECREASED; a lot of companies pay for things using debt, but if, let’s say, labor costs are up, the cost for a loan is also up, which means the cost of materials is likely up as well.
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Although most people like to emphasize central banks, I emphasize regulations because regulations on economic activity are very costly, as the best of the best business people have to get very creative to make a profit. For example, this stupid war on fossil fuels leads to businesses purchasing all sorts of worthless “investments” that they otherwise wouldn’t purchase just to appease the government.
Meaning that if you’re a business owner, you will have to set aside some money to burn so that you can make a profit. Business people are basically making burnt sacrifices to the “Political Gods.” Common sense should tell you that austerity measures would fix this, but the problem with Democracy is that the voting public can remain really stupid for a prolonged period of time.
Furthermore, and I don’t know if this is intentional. However, you have a lot of people, who still think the central banks are the problem, a lot of people looking at the numbers imagine that lowering interest rates are the solution, meaning that many financial professionals genuinely think that current regulations on economic output are sustainable.
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Obviously, I disagree with this, but that doesn’t matter; what matters is how long until Austerity measures become cool again. If the answer is most people like the direction the world is headed, then this recession is here to stay and if this recession is here to stay a lot can happen in short amount of time and you’d be wise to prepare for it.
Real estate agents work off of commissions, and if they can’t afford their office spaces, it means activity is down; unlike wages, commissions can DEFLATE with market conditions, meaning that I can be employed as a real estate agent and make NO MONEY, whereas an unproductive waged employee would need to be fired.
This is why if Real estate agents are are not making commissions, don’t be surprised if waged employees start getting laid off.
Intersting times ahead