It will take time for the rate hikes to diffuse into all the nooks and crannies of our financial system and to expose cracks along the way that we may not even be thinking about yet. Any company, product, or strategy that relied on low rates, assumed asset prices always increase, and operated on thin margins has seen profitability compress, especially those that failed to adapt to the tectonic shifts we are experiencing in the way we live and work since the beginning of this decade.

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