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Cory’s Chart Corner
Humans just repeat the same old themes decade after decade. Today there is far more debt to service, thus greater financial impact on spending. Ask Walmart's CEO if he's noticed any change in consumer behavior while the U.S 10 years hits 5%.
Don’t forget in April of 2007 10 year hit 5.3% and by October of 2008 they were 2%.
Daily Archives: May 5, 2022
Contagion: rising rates, falling stocks, home prices and the economy
Interest rates have risen sharply, and financial and housing markets are under pressure. With households holding a record amount of their net worth in highly-levered assets, this cycle’s contagion risks are higher than average. It’s another good time to read … Continue reading
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