…Like, keep in mind that the average American carries thousands of dollars in credit card debt at rates already above 20%. That number is not going down anytime soon. On top of that, mortgage rates are now hitting 7% again. So, first-time buyers or anyone getting debt today is getting screwed. Second, growth stocks might suffer. Look, here's the math that most people don't consider. When interest rates rise, future profits become worth less in today's dollars. That means high multiple tech stocks, AI plays, speculative names, anything priced on earnings years from now gets repriced lower because today's rates pay more. Third, housing stays frozen. Keep in mind that mortgage rates are already hitting multi-deade highs. Worsh's plan to reduce the Fed's balance sheet includes selling off the mortgage back securities, which are literally the assets that back home loans. So, for anyone waiting for housing to get more affordable, you might be waiting a little longer.…