https://finance.yahoo.com/news/fed-mortgage-buying-spree-1-155915510.html
The US FED has already bought US$1T of MBS insofar and will continue to do so. Subsequently, this will cause the US property market to be severely distorted in the future. Big bubble!
http://sg-stock.blogspot.com/2020/08/the-us-property-market-is-becoming.html
We had explained the true picture of the US property market and it was not because of the US economic resiliency.
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1 comment:
The US banks have a lax mortgage loan or weak credit risk assessment policy now because the banks can outsource the risks to the US FED by repackaging these high-risk mortgage loans into MBS.
As the US FED has been buying many high yield bonds (a.k.a junk bonds), risky MBS and CMBS, it has to create inflation to relieve its debt pressure.
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