Probably nothing…..
US households are now worth over 6x today’s GDP. pic.twitter.com/dX9FtCd5Uu
— Otavio (Tavi) Costa (@TaviCosta) September 21, 2020
What’s going on?
Only 1% of all mortgage backed securities that the Fed has been buying are commercial.
If the residential market “booming”, why does it need so much hand holding?
They just bought another $50B of MBS this past week.
2nd largest purchase since June. pic.twitter.com/T2FbKvj2Tl
— Otavio (Tavi) Costa (@TaviCosta) September 20, 2020