Punters and pundits alike reacted to rising mortgage rates in the wake of Truss’s mini-Budget with indignant horror. Leaving aside a market overreaction to fairly modest policy proposals, I wanted to tell aghast homeowners: ‘Well, what did you think was going to happen, people?’ In 2008, the plunging of central bank rates to nearly zero was super-weird.
Already a subscriber? Log in
As the US decides, so can you
Subscribe today and get a $50 Amazon gift card if you correctly predict the next US president.
- Unlimited access to spectator.com.au
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Unlock this article
You might disagree with half of it, but you’ll enjoy reading all of it. Try your first month for free, then just $2 a week for the remainder of your first year.
Comments
As the US decides, so can you
Subscribe today and get a $50 Amazon gift card if you correctly predict the next US president.
SUBSCRIBE AND ENTERAlready a subscriber? Log in