The money has already been printed and entered the various markets. Zillow expects, Freddie Mac and numerous others are saying 5 to 6% increase in homes during 2023.

You have to remember that a lot of these homes were second homes purchased by the very wealthy Boomers and first time Millenial home owners. There still aren't enough homes out there for the people that want them. Rates have been a lot higher than 5.8% for a 30-year fixed and home prices still went up. Sure, there may be some isolated areas where people thought they could work from home forever and bought into highly speculative markets but that is the exception.

Let's look at what drives major costs for Americans. Healthcare, auto loans, real estate and insurance. I don't see insurance dropping, not even a little bit. Most manufacturers have been adding heavy price increases to their flagship vehicles and continue to have a quarter million to million item backlog.

Commodities are still stretched thin, as is labor.

There is no way they will set the incumbent President up for a Depression level event to restore pricing power to pre-Covid, they just won't.

WW3? Then all bets are off. Half the seniority list will be recalled or in a draft.