'I think Jamie's wrong. I think we're going into a serious recession.'

Apr 04, 2023
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'I think Jamie's wrong. I think we're going into a serious recession.' - Sternlicht

The government has a massive deficit, and they keep feeding the deficit. That forces rates higher because too much supply of paper to pay for the deficit. Receipts are going down because capital gains are going away. Real estate as a complex, values are down. ... So receipts are going down, and interest rates are going up. The deficit will grow and he'll have to print more paper, and that should force rates up. That should make the economy weaken further. He's going to have to lower.
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<div>'I think Jamie's wrong. I think we're going into a serious recession.' - Sternlicht</div><div><br></div><div>The government has a massive deficit, and they keep feeding the deficit. That forces rates higher because too much supply of paper to pay for the deficit. Receipts are going down because capital gains are going away. Real estate as a complex, values are down. ... So receipts are going down, and interest rates are going up. The deficit will grow and he'll have to print more paper, and that should force rates up. That should make the economy weaken further. He's going to have to lower. <br></div>
'I think Jamie's wrong. I think we're going into a serious recession.' - Sternlicht

The government has a massive deficit, and they keep feeding the deficit. That forces rates higher because too much supply of paper to pay for the deficit. Receipts are going down because capital gains are going away. Real estate as a complex, values are down. ... So receipts are going down, and interest rates are going up. The deficit will grow and he'll have to print more paper, and that should force rates up. That should make the economy weaken further. He's going to have to lower.

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