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0 sats \ 0 replies \ @Solomonsatoshi 18 May \ on: History of US mortgage rates charts_and_numbers
The US needs to roll over ~$7 Trillion in USTs before Christmas.
The solvency of the USD/petrodollar and USA is facing a serious challenge.
Interest rates declined from the 1980s until Covid.
Now they are not.
Interest rates will not return to a downward trend.
The inflationary effect that the downward trend in the price of money/debt gave to house prices is gone.
Stagnation in house prices and even decline is probable...possibly for decades to come.
The neolioberal FIRE economy - the financialisation of non productive assets using fiat debt leverage is now a burden and will drag down the economy.