Interesting times
Jun 14, 2023
Last 20 years interest rates pic.twitter.com/oclRxQ6bc8
— BowTiedBull - Read Pinned Tweet or NGMI (@BowTiedBull) June 14, 2023
This is why the recent stock market rally is strange. Mortgage payments are exploding and a lot of firms can't service their debt. So, many people can't buy new stuff and lots of companies will fail. Recession guaranteed. It'll definitely get ugly by the end of 2024. Hopefully, World War Three doesn't kick into high gear when China goes after Taiwan or the US blows up TSMC facilities.
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