@thesquirrelfish @FluentInFinance @sun no, not to what we considered to be "normal". That's over.

But we need like an 80% retraction in the markets, especially real estate. Maybe not 80% everywhere else in the economy, but that correction will be quite large as well.

It's already starting. I've posted several examples of giant commercial buildings selling for a fraction of their previous values

https://www.costar.com/article/642008108/one-of-st-louis-tallest-office-towers-empty-for-years-sells-for-less-than-2-of-its-peak-price