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Of course they should be fired and not hired as executive leaders ever again. But the gov and the fed’s erratic policy and failure to change course early enough
by nemo44x 4y ago
Of course they should be fired and not hired as executive leaders ever again. But the gov and the fed’s erratic policy and failure to change course early enough leading to the level of inflation we have and whipsaw interest rates need to shoulder some too.
Something like 50% of mortgages were written between 2020 and 2022. So many of these are about to be underwater due to the whipsaw.
There’s going to be a lot of failures in the coming months.
- digitaltrees 4y agoTotally agree it’s the speed of the reversal in rates. Whipsaw is a great term.