13min chapter

Forward Guidance cover image

Mike Green & Bob Elliott: "Hard Landing" In Store For Economy In 2024

Forward Guidance

CHAPTER

Impact of Interest Rates and Credit Tightening

This chapter explores the potential impact of high interest rates on the economy, focusing on the credit channel of banks and its effect on mortgage demand and applications. It also discusses the potential effects of cutting interest rates, the behavior of the bond market, and the importance of getting through the entire economic cycle before accessing the credit cycle again.

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