jimmysong on Nostr: Interest Rates Show Up In Unexpected Places ...
Interest Rates Show Up In Unexpected Places
-----------------------------------------------
The era of low-interest rates has nurtured a certain illusion: that reality can be indefinitely suspended, and unprofitable ventures can be easily subsidized. Yet, as the world gradually wakes up to tighter interest rates, this mirage is beginning to fade.
For instance, consider our urban landscapes. Many cities, long buoyed by financial aids, are witnessing a chilling flashback to the bleakness of the 70s and 80s. These once-thriving metropolises are facing a decline that mirrors those troubled decades.
This abrupt change has come as a shock to them. After years of receiving subsidization, these cities are now grappling with the adverse effects of its withdrawal. As economic realities set in, they are forced to confront the hardships of budget constraints and the struggle of maintaining their standard of living. The inevitable tide of tighter monetary policies has begun to roll in, revealing the harsh reality that has been looming beneath the surface.
It's going to get worse before it gets better.
-----------------------------------------------
The era of low-interest rates has nurtured a certain illusion: that reality can be indefinitely suspended, and unprofitable ventures can be easily subsidized. Yet, as the world gradually wakes up to tighter interest rates, this mirage is beginning to fade.
For instance, consider our urban landscapes. Many cities, long buoyed by financial aids, are witnessing a chilling flashback to the bleakness of the 70s and 80s. These once-thriving metropolises are facing a decline that mirrors those troubled decades.
This abrupt change has come as a shock to them. After years of receiving subsidization, these cities are now grappling with the adverse effects of its withdrawal. As economic realities set in, they are forced to confront the hardships of budget constraints and the struggle of maintaining their standard of living. The inevitable tide of tighter monetary policies has begun to roll in, revealing the harsh reality that has been looming beneath the surface.
It's going to get worse before it gets better.