Bill’s Commentary:
“Type in to your browser antifa.com and see what comes up? Gotta tell you, it is the WTF of my day…”
Bill’s Commentary:
“And the consumer is still strong… yet they need 50% discounts to be attracted?”
RV Downturn Turns Apocalyptic With Largest Dealership Offering 55% Discounts
Federal Reserve Chair Jerome Powell has been a serial bubble blower, only to later deflate bubbles through interest rate hikes and restrictive monetary policies. In this note, we’ll examine the recreational vehicle industry’s boom and bust and the current multi-year downturn.
In early 2020, a combination of factors sparked the RV boom, including Fed Powell’s reduction of interest rates to the zero lower bound and Democratic cities that imposed tyrannical government-enforced lockdowns that caused folks to flee to rural America. To some extent, Starlink space internet made remote working from RVs possible in some of the most remote areas in the nation. However, as soon as Powell began to hike rates in response to inflationary forces in early 2022, the boom turned into a bust as the affordability of these homes on wheels collapsed.
BillHolter.com 
Thank you pamelamoves@gmail.com
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