Excellent article, Thank you. Recession or not VERY TOUGH times coming up. my take is the cost of power will have the biggest impact on families after the mortgage train wreck.
What's the normal lag between raising rates and forced sales? Foreclosures take 6-months to 2-years to perhaps lags are of the same order. I suppose this is how long before it's too late for even divine providence.
What if they bring the rates back down to 3% during that time?
Excellent article, Thank you. Recession or not VERY TOUGH times coming up. my take is the cost of power will have the biggest impact on families after the mortgage train wreck.
Really great analysis Tarric. Love your work and what you share on twitter too.
What's the normal lag between raising rates and forced sales? Foreclosures take 6-months to 2-years to perhaps lags are of the same order. I suppose this is how long before it's too late for even divine providence.
What if they bring the rates back down to 3% during that time?