What Determines Velocity?

The best indicator measure of mortgages of value is mortgagehe mortgage a bond rate, not thee rate that homers get. Over the last 30 years, it's been in the twenties, thirties, forties. That spread is nowat 81, which it hasn't been at for many, many years. And i'd say that's an illigation at what's happening when the fed pulls their hand off the scale. The morrage market is multi trillions, not some small market like tips. When this goes south, and the fed engineers a recession, rather than a soft landing, which certainly seems the most plausible outcome, do the politicians then take that crisis and use that opportunity to spew

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