Summary
BBB Postcard #38 (June 22, 2026) is Darren Wilson’s video postcard alerting subscribers that the short-term trend for interest rates across the most important economies is now up. Wilson emphasises that interest rates are what ultimately break the back of the current real estate cycle — making rate news “front and centre” for tracking the cycle turning. He also flags further late-stage cycle news: US banks seeking additional regulatory unwinds, which he frames as more evidence that the “everything bubble” is reaching its epic conclusion. Wilson’s framing — “people still seriously want me to believe that history does not repeat” — reinforces PSE’s core thesis that the current cycle is following the historical pattern. The postcard is a video notification (YouTube link) rather than a detailed written analysis; the substantive content will be in the video itself.
Key Claims
- “It does now appear the short term trend for interest rates across the most important economies of the world is up.” — Darren Wilson — confidence: high
- “What ultimately breaks the back of this current real estate cycle is interest rates, so news about this must be front and centre in your mind as you track the cycle turning.” — Darren Wilson — confidence: high
- “US banks seeking even further regulatory unwinds” as additional late-stage cycle news. — Darren Wilson — confidence: medium (details in video)
- “The end of the ‘everything bubble’ is now in sight.” — Darren Wilson — confidence: medium (framing/thesis statement)
Predictions / Forecasts
- Rising short-term rate trend across major economies will be the mechanism that breaks the real estate cycle — status: ⏳ pending (mechanism in progress)
- US bank regulatory unwinds will contribute to cycle-end dynamics — status: ⏳ pending (details in video)
Notable Quotes
- “What ultimately breaks the back of this current real estate cycle is interest rates, so news about this must be front and centre in your mind as you track the cycle turning.”
- “And people still seriously want me to believe that history does not repeat. Thankfully you aren’t amongst them.”
- “It does now appear the short term trend for interest rates across the most important economies of the world is up.”