Surveillance: Levitt on Fed's path forward
Bloomberg Surveillance
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AI and the US Equity Market Exceptionalism
The US is in a very different place from the rest of the world. 91% of the mortgage is being 30-year fixed. The consumer here is just not hurting. We still have excess savings from the pandemic. Yes, it's limited to those of higher income, but they're spending it. At the same time, we have this fixed-ride economy, whereas you look at the other countries.
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