Wow, I assumed this was real estate since OP mentioned the housing market. Thanks for educating me.

Now I can see how one might jump to the conclusion that if lending on C&I goes down that means business is slowing, then people loose their jobs and eventually their homes? It’s a reasonable assumption.

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I have found that while that seems intuitive, that’s not reality. We’ve also never had interest rates this high for such a long time, and it’s hard to tell what factors even correlate to each other anyways. I was genuinely curious as to what Jack’s thought process here was.