How safe is our money should there be a recession? (PL)

I'm of the opinion that while rates are rising, borrowers would know better than to neglect serving existing loans, because they may expect that if they need to refinance that'd need to be done at a higher rate, so they'd rather keep the rates they have now.

But I'm also of the opinion that after rates have risen, as the market reaches consensus the rates aren't going to continue to climb, that protective effect will be lost.

Perversely that's the only positive side I see in creeping inflation, negative overall, but if it pushes central banks to raise rates, that might somehow protect my current P2P investments.

Naturally I see that in the long run high interest rates may spark or aggravate recession. My instinct would be to remain invested while rates are rising but before recession has truly settled, and disinvest, or move to safer alternatives, as rates steady and recession deepens.

I think the above, though, without any academic formation as an economist, it's just a conclusion I've drawn after reading the financial news and commentary. If I'm mistaken and that's not how things work, of course I'd be at an equal or even greater risk without knowing it, and a nasty surprise may be awaiting for me around the corner.

That's a "half full glass" way of looking at it. However in all the cases where I have lost money on a p2p loan it is because the borrower cannot, or chooses not, to repay it, and nothing to do with interest affordability.