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[USER=78470]@frugal.rock[/USER] What are you missing about what? What divs is trying to say?I think he's referring to supply side problems caused by rate rises, hence the comment about retailers using all their lines of credit.Higher rates reduce demand yes but they also make supply expansion harder to finance. They're not an entirely one-way instrument. People often forget this.
[USER=78470]@frugal.rock[/USER] What are you missing about what? What divs is trying to say?
I think he's referring to supply side problems caused by rate rises, hence the comment about retailers using all their lines of credit.
Higher rates reduce demand yes but they also make supply expansion harder to finance. They're not an entirely one-way instrument. People often forget this.
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