It's not the #house #flippers that will get #screwed in the increasing #mortage #interest #rates - it will be the first time #home #buyers https://www.zerohedge.com/personal-finan.. Fun times.
The #uk is cutting #tax whilst increasing #rates , something that will be paid with #debt https://www.zerohedge.com/markets/bank-e.. Well, we're #screwed . The #british #pound will be below the #us #dollar soon unless something changes.
Interesting, the #us #federal #reserve are trying to #spend their way out of a #recession https://www.zerohedge.com/markets/perfec.. This won't work well. As a result the #mortgage #rates are at a *30 year high* - it was cheaper to get a #mortgage during the 2008 #financial #crisis ! Absolutely madness.
Ouch, the #eu #ecb is running out of #options , despite increasing #interest #rates , they are still at -7.85% #interest after #inflation https://www.zerohedge.com/markets/peter-.. It means putting your #money into #euros means it vanishes as they #print #money to pay off #interest on #debt , which in turn creates lower #demand . Needless to say, #europe is *fucked.* There is no way out of this.