Comment by rangestransform

High interest rates in general are a strong deterrent from investing with that kind of time horizon. The risk free rate of return has skyrocketed, and investors no longer have to turn to risky gambles to make a return. The same thing happened in Canada when housing was propped up by the government in ‘08, leading to real estate sucking all of the money out of the economy. The US is in this position now because of how allergic all politicians have become to using taxes for the purpose of cooling down the economy. The only feasible campaigns are full inflationary spending, all the time, and the only difference is who the money goes to. The stupid electorate who vote for candy for dinner instead of eating vegetables are equally to blame.