My point was the chartered banks and federal interest rates do not control the speculation boom/bust cycle to the degree people assume. Nor do internal crown de

My point was the chartered banks and federal interest rates do not control the speculation boom/bust cycle to the degree people assume. Nor do internal crown debts like student loans. I do agree interest rates help push low-income/high-risk asset holders out of the market, but it does not mitigate the underlying issue. Folks may delay all they want. but by my estimate the interest rates will need to hit 9.4% for 2 years to bring the circus under control... its politically awful for anyone at the top, and a tragedy for those at the bottom.