The housing downturn’s impact on the broader economy is just getting started. Because the system is far too leveraged, any policy mistake could trigger a domino effect in which one sector after another fails.

This is one reason why we expect Global EPS growth to come under real pressure in the coming year pic.twitter.com/ngGq7AYbpk — Ian Harnett (@IanRHarnett) September 11, 2022 Housing has taken it on the chin as the Fed hits the brakes …

READ MORE