Paul Kasriel Quotes
Rising bond yields would hurt the housing market. Unless incomes pick up to offset higher financing, you're going to have a problem. 
Tweet
Rising | Bond | Yields | Hurt | Housing |
comments powered by Disqus
If the Fed pauses here, rates will come down, the house ATM machine will get filled up again, and we can all go back and do more refinancing... But if they keep going, like some people believe they will, then we will have a recession in the second half of 2005.
- Paul Kasriel
