Quote Originally Posted by TampaJim View Post
I'm of the opinion that the companies running rampant during the past few years will suffer.
However, the fundamentally sound companies with better management will be just fine thru it.
US consumers do have funds. The question will become where they decided to spend it all.

And, yes, the idea is employment destruction ... they'll not be able to grip inflation otherwise.
There will be exception, like Florida. Our new influx of residents is mostly service consumers.
Odds are really high that we will see an outward migration of working poor, insufficient labor.
Florida is heavily tied to real estate. I can see some very bad things developing here. The multiplier effect in real estate is huge and when it works in reverse it is devastating. When new buyers see their payments when factoring in real estate taxes insurance and p&I in their interest payments they may think twice. I would be willing to bet I will be laying people off in the first quarter of next year.