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Never Buy New Lows, Never Short New Highs
The Compound and Friends
The Curve Inverted Right Before the Pedemic
The risk here is pretty straightforward. You get a decline in house prices, or t house prices stopp going up at rate they havebeen for the last year and you lose a bit of wealth effect. The offset to rates wage an wage growth is still quite strong inplymes and but strong. Don't we need home prices t come down, or at least stop going up? Isn't this like, really unhealthy?
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