When you raise the cost of debt when debt is the foundation ('rotten wind beneath the wings') of the post-2008 recovery—which is built on record high debt levels to sustain record high stock, bond, and real estate bubbles—and you reverse years of rate repression and money printing by keeping rates elevated, things start to break, which is what we are witnessing.
causalpending
Speaker
Matthew PierpontEvidence Quote
“when you raise the cost of debt...when you reverse that policy things start to break”
Created: 8/12/2026, 10:32:32 PM
My Notes
Loading notes...