RE: Buy back8 Sep 2022 19:52
I’m not so sure, people posted that when I shorted from 1.80 last year,Being long when the economy is about to buckle is braver IMO.
Those rate increases will cause a lot of defaults, we have seen a huge increase in a short space of time and joe public don’t think about these things when they are over stretching themselves they just want it all, the house, the cars, the clothes and if they can afford it that month they buy it. They have no idea about how half a percent can add a lot to their mortgage and they are not meant to know, they are just meant to be consumers.