Coffee Connoisseur 🎯 Advisor on blockchain policy to the European Parliament 🔸 Language sorcerer 🔸 Movie buff 🎬
Joined September 2015
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economic news can be complex
Reaction coming, wait for it. This video was seen over 1M times and is utter nonsense.
The rate cuts yesterday did not to spur residential housing demand, in fact RATES WENT UP.
Sometime FFR cuts can push mortgage rates down, but they’re not well correlated especially recently. Watch the bond market if you want to understand mortgage rates.
And that 10 year cycle? Anytime anyone claims something as complex as the economy or housing market works on some fixed cycle of time, they’re wrong.
It just straight up doesn’t work that way.
The economy and housing markets are cyclical but there is no magical 10 year period where conditions repeat.
Why do people still believe in the “10-year cycle” myth? Drop your take below. 👇
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