If the 10-year bond rate goes up 2%, every asset on the planet, including real estate, is worth 20% less.
Advertisement"If things stay where they are, we have the soft landing that seems to be embedded in the marketplace, the real estate will muddle through.
They won't muddle through under higher rates with a recession.
That would be tough for a lot of folks, not just real estate, if that happens."
Jeenah Moon / Reuters"We're in a period that comes after financial repression, where we'll have some inflation and some real rates.
Persons:
—, Wall, shouldn't, Jamie Dimon, I'm, David Solomon, Goldman Sachs, Jane Fraser, Julian Restrepo, Larry Fink, Stephen Schwarzman, Ted Pick, Morgan Stanley, Jeenah, Michael Santomassimo, Wells, Alistair Borthwick, that's
Organizations:
Service, Wall Street's, Business, titans, JPMorgan, Citigroup, AP, BlackRock, Blackstone, Bank of America
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East, Ukraine