Did the Fed's Message Fall Short?
Real Vision: Finance & Investing
00:00
The Positive Wealth Effect of the Equity Rally Reviving the Animal Spirits and Inflationary Impact
I don't think what's happened in the last two days is going to change the narrative. Consumers have a huge positive carry trade on their house versus what they're getting in just treasuries. There's not a huge wall of debt refinancing that's getting crimped by these higher rates. And the question is yet is it how, you know, how much more is coming. How much more will housing have a sharper fall?
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