The twisted thing is that this is the plan, it's intentional. The rapid rise of interest rates is to curve demand, which tames inflation. It's a really nice w

The twisted thing is that this is the plan, it's intentional. The rapid rise of interest rates is to curve demand, which tames inflation. It's a really nice word for what is effectively targeted economic destruction. Job losses and bankruptcies are the casualties. And that's not all of it. In my country, aggressive plans to build lots of new homes are imploding. Buyers suddenly face an interest rate 5 times what it was before and opt-out. Builders stop building because nobody is buying.