[Verse 1] Nineteen seventy-three changed everything we knew Interest rates went climbing, investments fell right through When borrowing gets costly, housing takes a hit The transmission starts its journey, piece by piece it fits [Chorus] Rates to investment, squeeze the real income Housing falls and consumption's overcome Uncertainty strikes, capital expenditure dies Seventy-three broke the old economic ties Remember the chain: rates, squeeze, capex falls Economic regime change echoes through the halls [Verse 2] Real income gets squeezed when prices start to rise People feel it in their wallets, see it in their eyes Less money in their pockets means they buy much less Consumption starts declining, economy's in stress [Chorus] Rates to investment, squeeze the real income Housing falls and consumption's overcome Uncertainty strikes, capital expenditure dies Seventy-three broke the old economic ties Remember the chain: rates, squeeze, capex falls Economic regime change echoes through the halls [Bridge] Three pathways of transmission Making their mark on the nation US and Canada feeling Global economy reeling When businesses can't predict tomorrow They stop spending, fill with sorrow Capital plans get put on hold New economic story's told [Verse 3] Uncertainty's the killer of investment dreams Companies stop expanding when nothing's as it seems Capital expenditure collapses to the ground The economic regime shift, a whole new world we've found [Chorus] Rates to investment, squeeze the real income Housing falls and consumption's overcome Uncertainty strikes, capital expenditure dies Seventy-three broke the old economic ties Remember the chain: rates, squeeze, capex falls Economic regime change echoes through the halls [Outro] From rates to real income to uncertainty's call Seventy-three's the year that changed it all
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