Awesome Dario Perkins on the market huddle, explaining how higher interest rates break mmt, but also house Canada, uk and Sweden are all canneries in the macro coal mine, only question is, which will go bust first and cause contagion!!!! Basically, increasing rates won’t do anything if the banks cook the books by allowing interest rates to not affect the home owner. https://fountain.fm/clip/vedEOKLRIu2AvAi9dQH0