Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Breaking The Weak To Brake Inflation
It's fine unless you need new financing.
That applies in a lot of contexts right now, sitting as we are with the highest rates of the post-Lehman era barely a year removed from the lowest rates in several millennia.
The most popular refi apocalypse narrative centers around CRE, but outside of doomsday prophesying, the stark juxtaposition between where we were with rates 12 months ago and where we are now is also a contributing factor to the dearth of housing inventory in the US.
Would-be sell
Haven’t thought about it that way, thanks for the piece.
That last sentence about socialism for the rich and capitalism for the poor, that didn’t happen by accident. It’s built into the system, perhaps not by design but because that’s what human nature strives for.