Is It Corporate Credit or Corporate Credit That's More Worried About Stocks?

I think it's corporate that they're actually more worried about them and to be more precise I think it's rated change more than anything else. The value of your house has a three times the size of the effect of your perceived net worth then your equity portfolio does so meaning you know stocks go down people feel sad, don't spend as much money but that effect is triple when it comes to home prices. It's going to take a while for these things to bleed into the real economy and that's why you know he's giving himself some room he's talking about lags But he made it pretty clear that they weren't done tightening and that doesn't mean they're they're going to