Friday , August 17 2018
Home / David Stockman's Contra Corner / Rising Yields And Housing Bubble 2.0—-Trouble Brewing Fast

Rising Yields And Housing Bubble 2.0—-Trouble Brewing Fast

Summary:
There’s another aspect to this equation: Homebuyers who are willing and able to stretch to cough up those higher mortgage payments can’t spend this money on other things. Falling mortgage rates gave a huge boost to home prices and to the entire economy in numerous ways. But that process will go into reverse. https://wolfstreet.com/2018/01/20/whatll-rising-mortgage-rates-do-to-housing-bubble-2/

Topics:
David Stockman considers the following as important:

This could be interesting, too:

David Stockman writes Boiling A Turkey

David Stockman writes Mind The SKEW—-It’s Hazing Wall Street’s Complacency

David Stockman writes Economic Contagion? Why Central Banks Are The Real Culprit

David Stockman writes Why Global Potholes Threaten Decade-Long Bull Market

There’s another aspect to this equation: Homebuyers who are willing and able to stretch to cough up those higher mortgage payments can’t spend this money on other things. Falling mortgage rates gave a huge boost to home prices and to the entire economy in numerous ways. But that process will go into reverse.

https://wolfstreet.com/2018/01/20/whatll-rising-mortgage-rates-do-to-housing-bubble-2/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

Leave a Reply

Your email address will not be published. Required fields are marked *