Myrmikan on financial crashes after interest rate hikes:

“A quick survey of financial history demonstrates that this sequence of two years of interest rate hikes, then bank stress within a year, then economic contraction prompting government action is a typical timeline. From the 1987 post-crash low in the fed funds rate of 5.7%, for example, it took nearly two years to reach 10%, at which point the Savings & Loan sector imploded.”