A Housing Recession (EP.281)
Animal Spirits Podcast
00:00
Are You Living Under a Rock?
Dow outperformed NASDAQ in October, largest outperformance since October or since the fall of 2002. Refinances are down 86% from where they were a year ago; who is still refinancing? I have an answer for you: It's got to be all cash out refives. Would you say the housing market is in a cast like Kobe? Yes, but it can come to a standstill.
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