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He’s buying mortgages, that’s QE, buying bad debt at full price. He’s buying shitty mortgages that are going to default. That’s bail out. Otherwise things start crashing.
He’s rescuing asset prices. We can’t keep doing this, it’s become a permanent bailout. Money printer now spikes annually to keep that crap afloat.
Higher rates haven't decreased home prices on a national level for almost going on 4 years.

"Higher rates haven't decreased home prices on a national level for almost going on 4 years."
Misc says
"Higher rates haven't decreased home prices on a national level for almost going on 4 years."
That is because the housing market is a monopoly. Something like 90% plus of the houses in the USA are owned by six financial companies.
There is no supply and demand in the housing market.
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https://finance.yahoo.com/news/pimco-kiesel-called-housing-top-160339396.html?source=patrick.net
Bond manager Mark Kiesel sold his California home in 2006, when he presciently predicted the housing bubble would pop. He bought again in 2012, after U.S. prices fell more than 30% and found a floor.
Now, after a record surge in prices, Kiesel says the time to sell is once again at hand.