Interest rate sensitive assets like stocks and property 'should'...

Interest rate sensitive assets like stocks and property 'should' be tanking by now.

However, I think that people still have plenty of reserves built up from the boom-times.

Once they are depleted, and asset sales start, it will be an elevator down to ground floor.

Only things driving asset prices up over the last decade were speculation and cheap credit.

Now that those two elements are starting to disappear, due to inflation, it is game over.