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Unusual Whales Pod #10: The Housing Crisis, Markets, and Real Estate

Unusual Whales

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The Fed-Induced Coma

The Fed's buying kept those levels up until January of this year when they're finally back to par. Massive issuance for that almost two period of time. So all the buyers are being forced to pay these high prices, buy these low coupons at these high prices. That's a massive unprecedented move in mortgage banks.

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