 Given the rise in interest rates globally in 2022 and continuing into 2023, the housing sector is a major source of concern. Ive argued that markets need to differentiate consumer spending outlooks for countries based on fixedvariable interest rates.This is a great chart from BCA Research showing the share of adjustable rate mortgages and also highlighting high household debt.In short, if you think theres a housing crisis coming to the US; expect armageddon elsewhere. I think... 