Higher for longer interest rates will soon take a bite out of stock, bond, and real estate prices and with Russian instability, that’s just the icing on the cake! Many economic/financial indicators signaling we are unsustainably high levels in the stock, bond, and real estate markets. Global movements out of dollars continuing which threatens many upcoming U.S. government auctions of new and refinanced debt. It appears more and more likely that interest rates will move higher and create a deeper U.S. and global recession this year.