US economy

Recession and deflation are scary?

RE becomes affordable, valuation of stocks become reasonable, prices of good and services become reasonable, … Should be good for consumers :slight_smile:

Unemployment? Only for white collar, blue collar would be hardly affected and may even see wages keep going up. Guess those white collar should go into blue collar jobs.

I said months ago that when inflation unwinds it’ll be spectacular. I’m not sure we’re there quite yet, but I think Q1 of next year.

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That’s been true for almost a generation. People in the trades do better than people in the professions. We need fewer universities and more trade schools.

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5 + @manch wishing for soft landing.

Don’t see any tradesmen jobs on this list of best paying jobs.

https://money.usnews.com/careers/best-jobs/rankings/best-paying-jobs

The top jobs listed all need medical degrees, something beyond the capabilities of lots of people. And I’ve never met a political scientist earning six figures. For comparison look at plumbers. Forget the average; that’s entry level. Scroll down to what top companies are paying.
https://www.indeed.com/career/plumber/salaries

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