[trustfundbaby]

I don't think that massive downturn people are thinking is coming ... is going to come. The job market is too strong (because of lower immigration, and how many exited the job market during covid) and so is the housing market.

I thinks its going to be more like this for the next 8-12 months, until the fed stops raising interest rates, and then it will be a mad dash to get everything going again.

[projectazorian]

This. Because of 2008 and Covid people have a bias toward thinking that every economic slowdown is destined to be a massive dislocation.

[culi]

Is lower immigration becoming less of a factor now that remote work is nearly the norm?