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Surveillance: S&P Targets with Chadha

Bloomberg Surveillance

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The Long and Variable Lags Are Longer

One third of homes in this country are bought with cash. That was also the stat, by the way, for the whole of last year from Redfin. The impulse isn't making its way into slowing the economy in a material way. This housing market is totally distorted. Completely. It's totally, totally distorted.

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