A soft power tries to be less of a soft touch.
The investor who bet against the housing market ahead of the financial crisis has been predicting another crash for months.
AMTD Digital is slumping after vaulting past Goldman Sachs and Morgan Stanley in market value earlier this week.
Everything from mortgages to credit card debt and pensions is impacted by the biggest rate increase since 1995.
The trouble is, the amount of money required would be astronomical.
Scott Minerd's first home purchase in 1980 left him with an enduring skepticism of real estate as an investment.