Well it’s like 2008 all over again. The warning signs are everywhere but the stock market keeps printing new highs and eventually it will crack and there will be chaos. But nobody knows when. Could be months or another year or so.
Not even close, if the current house bubble would burst unlike 2008 a 20% fall in price would find everyone buying as there are millions on the side waiting for a price to buy a house unlike in 2008 when banks encouraged even the ones with the worse credit in history to apply for a mortgage.
2008 was a speculation bubble, 2024 is just prices driven up by constant demand as the money is indeed in the customers' pockets
https://www.axios.com/2023/12/16/housing-market-why-homes-expensive-chart-inventory Surprisingly the gdp is strong so we are a long ways away from an actual recession.
And why would there be a recession just because of high inflation?
Jobs are up, the US ended the year with a new record of over 161 million employed, demand for everything is up, and it's business as usual just that we had a severe price increase, compare this to the 90s and it's peanuts, Argentina's economy shrank by juts 1.4% and they have inflation where it doesn't matter what numbers is made of but how many!
We've seen the effect of the fed meeting afterwards, the price of Bitcoin went up and back to $67k. But this time, what it is all about? Whales cashing out their quick profits and that's why Bitcoin dropped to $62k again?
Get used to it, it will happen more and more as prices start to be dictated by bots running on news feed algorithms.