The Effect of Long Duration on Interest Rates

The theory of interest rate increases to curb inflation is that people are less likely to take out loans, right? Right. But guess how many loans get so much loan has been reduced by interest rate increases zero there's still increasing. A loan portfolio is not liquid. Unless you're putting your money in stable coins, you know, you're not going to be able to take a run. So I just think they've gotten a spillover run effect. That's it's incredible. This is like Escher meets the and Escher directs the untouchables. You know, see, it's it's crazy.