by Naive-Historian-2110
In 2008 only 9% of mortgages were delinquent or in foreclosure. it doesn’t matter if half of homeowners have a 2% mortgage. it only takes a seemingly small amount of defaults and delinquencies to send waves.
It’s definitely going to be the mother of all crashes. It’s like if the GFC f**ked the dot com bubble and created a monster.
Jim Grant: Interest rates will stay high for ‘much, much, much longer’ than people think.
“It is the historical track record, it is the pattern, that interest rates exhibit a tendency to trend over generation-long