Michael Taylor says the long end of the U.S. yield curve is making homes less affordable, as heavier government borrowing lifts financing costs. He warns this could curb household formation and marks a shift from his earlier equity skepticism to fiscal policy concerns.
published
Michael Taylor says the long end of the U.S. yield curve is making homes less affordable, as heavier government borrowing lifts financing costs. He warns this could curb household formation and marks a shift from his earlier equity skepticism to fiscal policy
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