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Reply to "Does anyone else feel like we are the precipice of economic calamity? "
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[quote=Anonymous]No, I don't feel like that at all. While inflation is certainly a problem, consumers are in a decent position, with credit scores still sitting at an all-time high. Jobs are plentiful Homeowners are sitting on mortgages with extremely low rates and defaults are rock-bottom. The federal funds rate target of closer to 4% in 2023 is still lower than much of the late 90s and mid 2000s. And if we stay in a relatively slow economic growth situation, there is no reason for the 10-year to keep climbing significantly. We are far more likely to be stagnant rather than face a calamity.[/quote]
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