Can never guess the timing of these things.
T10 Rates 4.27%
Inflation 3.60%
GDP growth 5.9%
Much more expensive to weather a recession with rates at current levels. This is what makes 2023 fundamentally different to any time post 2008. ZIRP meant everyone could just run up credit lines whenever biz slowed, that’s no longer realistic.
It’s hard to guess the timing but would be perfect in the next 6 months for one of these
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