RE:RE:RE:How is it bad for AC?I will now give you the double whammy affect. So I have buddies in the same situation as me they were mortgage free but wanted to leveredge there assets for the best return so they put mortgages on their properties and put the money to work in the stock market!. So as long term rates move higher those nearing or at retirement that need a return on their money have been investing in the markets. These people were typically conservative investors ie bonds GIC's etc but with no return they were forced to put their money to work in the markets. That will reverse as they move their money back to safe returns. If markets start to fall you get margin calls. Margin calls in turn cause liquidation in assets. Bottom line cash will fall with it travel. Having said that there is a ton of cash on the sidelines right now. I know myself I have never been higher than 10% cash in my portfolio I am 35% now taking profits and expecting a fall...... So in the short term there will be pent up demand for travel but in the medium term there are clouds on the horizon!