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#1008 Mike Singleton Explains The Importance Of The Bond Market

The Pomp Podcast

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The Fed Tightening Financial Conditions

A growth is always the collateral damage of the fed tightening financial conditions. The more debt that's on the federal government's balanceshy, the more onerous a higher interest rates become. When homes are no longer affordable, all that slows very, very quickly. If you're to look at the rate of change and new mortgage applications in the last 24 weeks, it's been down something like 40%. That's whatfed induced demand destruction looks like.

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