Higher for Longer No Escape From the Debt Squeeze
Credit cards, corporate borrowing, mortgages all cost more
On the mortgage side, households are largely insulated after locking in low fixed rates, but many families are at the edge.
US consumers have added $3.4 trillion in debt since the pandemic, and much of that is subject to higher interest rates.
Bloomberg 31 maj 2024
Financial conditions are sufficiently tight?
https://englundmacro.blogspot.com/2024/05/financial-conditions-are-sufficiently.html
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