Normal
the rates don't need to go high , just cause jobs to vanish , folks without jobs struggle to pay rents OR mortgages ( and many landlords have mortgages as well , so no rent less income to service those mortgages ) so housing prices moderate meaning the bank is holding a security that MIGHT even go down this MIGHT turn very nasty ( and complex ) and remember those mortgage-backed securities , they are lurking somewhere as well AND by the time the worker gets the rise 5% won't be enough ( it is just the way inflation works , sorry )
the rates don't need to go high , just cause jobs to vanish , folks without jobs struggle to pay rents OR mortgages ( and many landlords have mortgages as well , so no rent less income to service those mortgages ) so housing prices moderate meaning the bank is holding a security that MIGHT even go down
this MIGHT turn very nasty ( and complex ) and remember those mortgage-backed securities , they are lurking somewhere as well
AND by the time the worker gets the rise 5% won't be enough ( it is just the way inflation works , sorry )
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