Copper break major TL. Going lower folks. Productivity and growth slowing=RECESSSION. Future orders DOWN. Give me a break Powell, you know what a soft landing is? Its misery slowing the economy too slowly. Its recession for longer and deeper than you intend, because you lacked the Kahunas to do it painfully. Rather than just rip the bandage off, you are slowly tearing it day by day, bit by bit, so we have to endure the pain and misery for "higher/longer". We got from 9 to 3.5 pretty quickly, but from here to 2% will be agony, take years, ruin banks, be the excuse to bring in the reset, ruin our freedoms and lives, all because your pride didn't let you just raise rates again, and again until, we got to 2% finally, QUICKLY.
Watch for guidance for all major corporations (and small IWM) to be DOWN. Commercial housing (multi family) down, less new construction , less copper needed. There is still a housing shortage, but rents are coming down because finally the new builds are coming online. So they have demolished most of the old trailer parks, and the golf courses, the towns their in have rezoned for higher density, the towns will reap more taxes, but they wont use any of that cash to improve anything so all these EXTRA people can fit, so we all suffer.
Save commercial real estate (and residential) and the regional banks, and the economy, and lower rates now morons! Or raise them get to 2% and rip the bandage off, so we can reset. But this soft landing is agony, and only serves to somehow protect your pride, while you error, and ruin the economy. Copper knows. This isn't good. Soft landing or no landings isn't good, LAND ALREADY, GET IT OVER WITH AND GET ON WITH IT!
Watch for guidance for all major corporations (and small IWM) to be DOWN. Commercial housing (multi family) down, less new construction , less copper needed. There is still a housing shortage, but rents are coming down because finally the new builds are coming online. So they have demolished most of the old trailer parks, and the golf courses, the towns their in have rezoned for higher density, the towns will reap more taxes, but they wont use any of that cash to improve anything so all these EXTRA people can fit, so we all suffer.
Save commercial real estate (and residential) and the regional banks, and the economy, and lower rates now morons! Or raise them get to 2% and rip the bandage off, so we can reset. But this soft landing is agony, and only serves to somehow protect your pride, while you error, and ruin the economy. Copper knows. This isn't good. Soft landing or no landings isn't good, LAND ALREADY, GET IT OVER WITH AND GET ON WITH IT!