“U.S. Treasurys are perhaps not the risk-free assets they once were,” said Michael Hasenstab, who manages the Templeton Global Bond Fund. Countries that didn’t have the massive amounts of leverage and indebtedness before the recession “are coming out of this a lot quicker and without the overhang and inhibitors the U.S. is experiencing.”
Paul Jackson is the former publisher and CEO at HousingWire.see full bio
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The story for the housing market over the past three years has been, “Home sales are down, home prices are up.” Because inventory was so restricted after the pandemic, prices pushed higher even as demand weakened. That story may finally be inverting as unsold inventory of homes is now great enough that home prices are […]
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Paul Jackson is the former publisher and CEO at HousingWire.see full bio