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Asian stocks mixed after tech shares pull Wall Street lower

2 Comments
By ZIMO ZHONG

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Seems US economy still too strong, inflation pressures building again, making global financial markets worried FRB will not be able to cut rates so soon or so easily.

Biden's worried as well, US housing market in big trouble with high interest rates, renters getting crushed with rent increases, lack of housing supply a growing problem.

-1 ( +0 / -1 )

Young first-time US home buyer has evaporated with high interest rates, mortgage payments brutal. Record amount of institutional cash buyers in home market. Biden's big problems with youth vote, not only GAZA, but rather their crazy high rent and rent inflation.

US commercial office market also disaster with huge amounts of re-financing needed. Hard for US to have sound economy with above real estate problems, due to high interest rates banks require given elevated inflation.

US financial markets very sensitive to above real estate issues stemming from high rates and inflation.

-2 ( +0 / -2 )

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