The beatings will continue until morale improves!

So to answer the question from the previous post: yes, the recession is on purpose. The US Fed just admitted it: they want to create unemployment to improve the job market. They also want to cool the housing market, but their indicators are backward looking, not forward looking. 

The Brazilian government has been running a surplus all year, and thus removing money from the economy, to a total sum of R$ 150 billion until the end of July. This cannot end well.

The US government has been running a deficit, although not a big enough one to counter the effects of the rapid rise of interest rates.

Links:
The Fed to reset the U.S. housing market through a ‘difficult correction’—5 things to know about the plan
The Rate Hikes Will Continue Until Morale Improves
The Fed’s fight against inflation could cost the US 1.2 million jobs
Housing Market Update: Rising Prices Amid Falling Demand and Supply Reflect a “New Weird”
Buckle up, America: The Fed plans to sharply boost unemployment
Monthly Mortgage Payments Up Record Year-over-year