Quote:
Originally Posted by Leondros
Equity markets are starting to panic a bit as a result of this. Oil is down today big time as well. It will be interesting to see if this is the start or just a blip.
How many more hikes until we see the housing market plummet and people start handing in their keys 80's style to the banks? That would be the start of a very systematic shock for the whole financial system.
|
I mean the overnight rate is 3.25%, and in the early 80's it was 17-19? I don't think we're near that? I also think that if we were to see a lot of mortgage defaults and those types of problems, they'd act pretty quickly to cut rates and push money into the system.