Brevan Howard: Its US Housing, Not Stocks, Where QE Bubble Could Burst If Normalization Doesn't Come SoonMark Melin
It’s not the U.S. stock market where the bubble can be found, Jason Cummins, Brevan Howard’s chief U.S. economist says it’s the housing market where Fed stimulus has raised costs to bubble levels. And if the Fed delays normalization, “the bigger the housing bubble gets, the greater the risk of a crash once rates are normalised.”
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