AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
What Will Cause The Next Market Crash?
Many Happy Returns
The Fed's Long-Term Debt Transmission Mechanism
Mortgage rates in the UK are fixed for two to five years. The Fed doesn't raise mortgage rates of existing mortgages when it raises them. So long-term debt, things like mortgage debt, that's not going to pick up quickly. But we had such a huge rally in house prices after the pandemic. It's only if you bought right at the top, like I did, that it's a problem.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode