If anyone is curious as to where the markets go next…go look at other sovereign bonds for comparison. I think there is only one way this resolves: the other sovereigns sell off and get higher yields, the US bonds get lower yields and rally…and incidentally, the dollar shortage intensifies.
California Home Sales "Sputter" in May; 4th Look at Local Markets
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Today, in the Calculated Risk Real Estate Newsletter: California Home Sales
"Sputter" in May; 4th Look at Local Markets
A brief excerpt:
From the Califor...
56 minutes ago