@bryceweiner Same as rate cycle they started in 2006…rates from 1 – 5.25…5 times (500%) increase in bank risk lending 9:1 fract = 45%default

@bryceweiner Same as rate cycle they started in 2006…rates from 1 – 5.25…5 times (500%) increase in bank risk lending 9:1 fract = 45%default