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The Biden Recession Thread
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<blockquote data-quote="Up In Smoke" data-source="post: 5517869" data-attributes="member: 79702"><p>Housing costs made up almost 50% of the CPI number and labor costs are driving the PPI numbers. The hot CSI numbers show that spending is still driving a very robust economy. We are seeing a steady housing market in our area, lead by institutional buyers and cash buyers. We need a good recession to bring down housing costs and reset the labor inflation. If interest rates don't work, raise taxes to slow consumer spending like they did in the 80s</p></blockquote><p></p>
[QUOTE="Up In Smoke, post: 5517869, member: 79702"] Housing costs made up almost 50% of the CPI number and labor costs are driving the PPI numbers. The hot CSI numbers show that spending is still driving a very robust economy. We are seeing a steady housing market in our area, lead by institutional buyers and cash buyers. We need a good recession to bring down housing costs and reset the labor inflation. If interest rates don't work, raise taxes to slow consumer spending like they did in the 80s [/QUOTE]
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