Goldman Sachs shares 4 cities that will suffer a 2008-size crash in home values — and breaks down why they believe home prices across the US will now fall further than they originally thought

🌕always👨‍🚀has🔫been👨‍🚀

If Powell and the rest of the Federal Reserve actually grow a pair, publicly attack Congress for not heavily raising wages/terrible labour right legislation, etc, heavily raise Federal minimum wage ($26/hour), require unions everywhere, punish corporations for using cheap overseas labour by massively taxing their profits (Like a 98% tax on all profits across all industries), execute billionaires, etc.

If Powell and the rest of the Fed raised interest rates to 26-45% overnight, and told Congress and the State Legislatures to burn in heck for all the terrible policy choices they have made for decades, they can eat the first Default in US history as far as I'm concerned.

It depends on how high they raise interest rates and how many times more they are willing to do so.

Killing off cheap credit and letting bad investments fall is what will help free up the housing market.

Letting banks go bankrupt and die will heal America for the long term.

That's why you need buttholes so terrible and spiteful as politicians, who WANT to see the banks die off and get replaced with actually useful ones.

San Jose, California; Austin, Texas; Phoenix, Arizona; and San Diego, California will likely see boom and bust declines of more than 25%.