However, I’m starting to see adds for low rate financing. 0.9 for 3 years, etc. don’t know if this is a contrary indicator but interesting.
One reason the fed has to keep raising rates is that the market still does not believe they are serious.
That belief system cannot be changed by a few quick rate raises—it will require years of high fed rates until the most die hard speculators capitulate.
Almost everyone is in denial about this—but years of increasing rates—eventually to double digits—is where I think this is going.