its very simple - rates are higher, they are going higher still, and they are going to stay high
homes will be a minimum 20% cheaper in 18 months
the Fed is completely focused on reducing asset prices, and they have the tools to produce the outcome they want
Maybe in real terms when accounting for inflation but the actual dollar value seems destined to go up in spite of interest rates
There’s a global avian flu pandemic going on, the worst ever seen. More than 100 million chickens dead. This has almost nothing to do with fiscal policy.
Where I am, it is STILL damn near impossible to get a house bought and that is after enormous increases in interest rates over the last couple years.