Yea man, maybe. I don’t see it though. I live a literal stone’s throw from Southlake/Colleyville and the amount of Huffines signs for the Republican primaries really shocked me. He ran on completely eliminating Property Taxes with absolutely no solution for the loss in state revenue.
I think things will continue to fall apart in poorer and middle class areas, but your McKinney’s, Frisco’s, Southlake’s etc. will receive more and more funding to build new infrastructure and support for their schools. I’ve watched Lewisville and Denton crumble while the above mentioned burb’s improved SO much. Maybe that’s not a fair example… Denton County has always been a shithole.
Hell, Frisco et. all was corn fields when I was a kid… and 121 was a 1 lane “highway.”
Tech growth started collapsing around the time GME and AMC were all the rage, so 15 months ago...it's reasonable to assume they have bottomed after that long of a decline, and now everyone else is having their turn at getting corn holed. Growth is the canary in the coal mine, always the first to get curb stomped but also usually the first to come out of the gate on a recovery while everything else lags, a sort of bullwhip effect.
As a peanut farmer I hate to tell you but peanuts are contracted. Meaning the only way to plant them is under contract and the price mostly based on last years crop not how much peanut butter was sold. Have a bumper crop one year and peanut contracts are hard to come by the next year. Have a significant drought such as 2011 and peanut contracts go higher. Also with other commodities such as corn or cotton higher contracts will increase to insure enough peanuts are planted to meet demand. Just my two cents
I think we’ll see the same damage in corn as in .com. -60% off the market cap already, another 20% to go to get rid of all the rotten corn. Nasdaq another 10-20% S&P 5-10%. With inflation high there’s no reason the S&P hits much more than -30%. In real dollars maybe a -40-50% hit though.