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U.S Dollar Is Starting To Break Things | Mike McGlone

Supply Shock

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The US Housing Market Has to Crash

John Paulson, who famously made a ton of money, basically shorting subprime, said that this time is going to be a little bit different because you don't have that variable rate mortgage thing that kicked in with subprime and most of the mortgages in the US is fixed rate. We front loaded six to seven years of real estate transactions into two. That's not that simple. And we did it with pumping interest rates at the lowest ever. So we just frontloaded so much it's going to go back down. I'm talking about homes and prices. Have to go down. If it doesn't, we'll have more inflation if that'll keep tightening until it goes down.

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