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In this video, Mike Shedlock discusses how the recent market movements and Jerome Powell's public comments may be setting the market up for disappointment. He argues that the Fed may not be able to control inflation due to the many disinflationary forces at play.
Mike Shedlock is concerned that the market is setting itself up for disappointment, with an overabundance of homes under construction and an increase in demand for apartments and condos. He predicts that this will put pressure on prices when eventually these homes are built, dampening consumer spending.
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