@zer0hedge..bro The plan has been to outsource production and undercut labor by rampant h1b visa fraud (its almost 99% fraud- NOBODY advertises jobs domestically first for real - they go straight to the PhD mills in China or the India tech schools - Why follow the law when cheating gets you lower costs.) And as a side effect of sanctuary/open borders you have blue collar devastation.
And everyone is racking up debts. Spending savings to bridge the gap in squeezed earnings.
But as soon as the dollar reaches a magic number, maybe, just maybe, Milton Friedman was right, and velocity will budge. And if it budges it might accelerate and BLAMO! Your mortgage principal turns into a days pay, the Indian sql guys cost more each than a all the Americans employed and Mexican peasants will come here as wealthy tourists, not wetback illegals.
Not that it won’t suck, but maybe the fed accidentally set up a hard bottom that the bastards can’t drag us below...thank you for sharing with us..