Macro nugget: Differences in Interest rate-sensitivities are starting to show in Bankruptcy numbers
The differences in interest rate sensitivities across regions are starting to be highlighted in bankruptcy numbers
The differences in interest rate sensitivities across regions are starting to be highlighted in bankruptcy numbers, with the worst likely behind in more interest rate-sensitive countries like Canada and Sweden (due to more frequent refinancing of debt). In contrast, the lagged effects of higher interest rates are impacting US numbers now, as the relatively stronger economy and consumers have been able to cope with higher interest rates for longer.
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