US Housing Bubble Enters Stage Two: Suddenly-Motivated Sellers
We all know the system is bankrupt, the boomers want to get behind their gated condos, and soon, to escape the attack of the union taxes.
Bush and Trump, two major debt catastrophes. If, just by chance, the millennials might get a tiny clue then we get a bit of structural change. Are the millennials permanently despondent, drugged, uneducated, fooled into more debt? Let us see.
Stocks and bonds both down a bit today, treasury rates again hitting their bounds. With the ten year at 2.86, I doubt Congress can assemble a realistic budget in August. Congress, the Repubs, and Treasury might shift a bunch of short term debt to the ten year, causing the housing market to crash. The Repub Congress is fried, they have borrowed themselves into a cul-de-sac.
Stocks and bonds both down a bit today, treasury rates again hitting their bounds. With the ten year at 2.86, I doubt Congress can assemble a realistic budget in August. Congress, the Repubs, and Treasury might shift a bunch of short term debt to the ten year, causing the housing market to crash. The Repub Congress is fried, they have borrowed themselves into a cul-de-sac.
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