Hey Jack - you miss the point:
1. higher interest rates are an antidote to inflation
2. higher interest rates mean lower asset valuation
3. higher interest rates means less mindless speculation on zombie companies
Git it?
None of this is good for APT.
Recession means more unemployment and bad debts.
It would it take much to blow up the APT balance sheet.
Jump in the bobsled - it'll be fun!!!!
DDD
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