Bill Holter’s Commentary
Stanley is correct about the banks getting paid. However, higher rates do bite the real economy and shrinks collateral already held by banks, brokers, etc. And the problem today is finding quality collateral to be able to borrow against.
Bill Holter’s Commentary
…which ultimately means the death of ALL buyers because real estate always runs uphill from the first timers. If starter homes cannot sell, it truly is game over!
Death of the First-Time Homebuyer
Bill Holter’s Commentary
Are you confused? We’re certainly not …but still know a duck when we see one!
Americans Who Think We’re in a Recession Are Actually Just Confused: White House Adviser
White House economic adviser Jared Bernstein said recently that Americans who think the country has fallen into a recession are basically confused about the source of their economic pain, while doubling down on the Biden administration’s view that the U.S. economy isn’t, in fact, in a contraction, despite two back-to-back quarterly negative GDP prints.