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By contrast, holders of government bonds did rather well, as falling interest rates lifted prices.
Housing usually leads the way out of recession as falling interest rates unleash pent-up demand.
The switch back to falling interest rates has weakened the krona and pepped up exports.
Moreover, weakness on Wall Street and falling interest rates would bring some benefits.
Meanwhile, falling interest rates will bring an end to the slowdown in the emerging world.
The recent rout follows several years of generally falling interest rates and comfortable bond returns.
But in the meantime, falling interest rates have made bonds more attractive.
Until March, Brazil was enjoying steady growth, low inflation and falling interest rates.
However, the report also found that "current trends demonstrate falling interest in Stem among Australian youth".
Absent falling interest rates or rapidly advancing stock prices, consumers often turn to savings.
It is hard to overestimate the impact of these falling interest rates on the housing market.
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