What was said around it
about it right now, we got to talk about first the US dollar. Historically, believe it or not, the dollar actually tends to get a lot stronger during times of economic crisis because it's seen as the world's reserve currency and a flight to safety where a lot of people put their money in addition to gold. However, tensions like this also create a lot of money printing to the point where long-term, the dollar's expected to continue to weaken. Second, we also have mortgage rates. See, here's where things get a bit counterintuitive. In the near term, a flight to safety of the dollar could actually push Treasury yields down and actually reduce mortgage rates. Like we already saw rates dip below 6% in February for this exact reason. But, like I said earlier, if this conflict leads to sustained inflation, the Federal Reserve is not able to cut rates. And, once everything balances out, we could see higher interest rates for longer, leading to third, higher household budgets. The bottom line for the average American family is this. In these scenarios, financially, low-and-middle-income households get hit the hardest because energy makes up a bigger percentage of their income. Like, higher
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