I don’t know how people are surprised by the current interest rates or market… when lockdowns happened my wife and I had bought our house a year prior and I immediately told her since we both had high paying and safe jobs we should remodel everything we wanted and buy three cars since I figured interest rates would get jacked up and supply economics indicated people were going to stop doing renovation work using contractors for a minute before supplies would get expensive.

These are all market reactions. It’s a rubber band of effects that happened because of the pandemic and the shock to the economy. Capitalism requires constant feeding so when the world stopped it for even a month it did major damage and when it went on longer in key areas it basically collapsed those sectors. It’s gonna be a while before things get better, but honestly this recovery is better than I expected.