Unfortunate thing about Austrian economics is it has no mechanisms to estimate the timespan over which the thing that will happen will happen.
But I still believe it's imminent, the next couple years. I spent a lot of money last year refinancing and changing the amortization on my mortgage because I believe this is the last chance to get low interest rates in our life.
It'll be a deck of cards, and a lot of stuff we're getting for better than free because so much money is subsidizing companies that are unprofitable hoping to become the next unicorn will go away because companies will need to make a profit to survive
And governments will be struggling to survive under massively increased debt maintenance costs so they won't be in a position to borrow more, and printing more won't be an option because the rates are already being sent to the moon by previous money printing.
(Just me reading the tea leaves, of course. It's called the dismal science for a reason)
But I still believe it's imminent, the next couple years. I spent a lot of money last year refinancing and changing the amortization on my mortgage because I believe this is the last chance to get low interest rates in our life.
It'll be a deck of cards, and a lot of stuff we're getting for better than free because so much money is subsidizing companies that are unprofitable hoping to become the next unicorn will go away because companies will need to make a profit to survive
And governments will be struggling to survive under massively increased debt maintenance costs so they won't be in a position to borrow more, and printing more won't be an option because the rates are already being sent to the moon by previous money printing.
(Just me reading the tea leaves, of course. It's called the dismal science for a reason)
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