As Good As Gold?
A Long Time In Finance
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Rate Rises, Housing Market, and Economic Impact
This chapter discusses the impact of rate rises on the economy, the effects of mortgage rate resets on the housing market, and the ripple effects on households and financial institutions. The speaker expresses doubts about a soft landing and predicts a less pleasant outcome. They highlight the multiplier effect of housing on various industries and highlight the social and economic mobility associated with it.
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