Rate accompli: Are rising interest rates bad for all assets?
Many Happy Returns
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Is There a Bailout on Energy?
All the ingredients are there to cause a massive crash in house prices. As far as I can see either people just love their houses so much and put all their money into that, or they're willing to crush the rest of their disposable income and not buy anything. There's going to be a lot of forced sellers who can't afford their mortgage payments at the higher rates and just have to sell into a distressed market. Yeah I think it's not going to be pleasant any of those outcomes will be painful or the government bales out people. But given the bailout on energy already and the kind of whole fiscal blow up or the way the markets blew up I think it's unlikely they
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