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A comment on Home Price to Income Ratio. Parent comment
That's right, interest rates cannot go up, or else these people will be screwed.
The same for stock market.
Ok, so we bail out these people/investors at the cost of catastrophic failure in the future.
Because money/markets are irrelevant, all that matters is access to cheap money and access to central bank bailouts.
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That's right, interest rates cannot go up, or else these people will be screwed.
The same for stock market.
Ok, so we bail out these people/investors at the cost of catastrophic failure in the future.
Because money/markets are irrelevant, all that matters is access to cheap money and access to central bank bailouts.