Are We Surprised That It's Taking This Long?

I don't fault the Fed for raising rates They obviously needed to but it's the speed at which they're raising them and how fast they've let things like mortgage rates go from 3 to 7 that is going to eventually probably break stuff. If you look at the data besides the stock market so far and the housing market rolling over a little bit Things for most businesses continue to go well because people had all this excess savings after two years of no spending. I can't imagine staring down the barrel of that gun just knowing that it's coming. Unless rates come down dramatically by 2025 there will be an apocalypse over here average mortgage is over 600 thousand dollars.