Key Insights
Why are U.S. home sales on track for their worst year in nearly 30 years?
High home prices and elevated mortgage rates deter potential buyers.
Why might a drop in mortgage rates not significantly boost home sales?
Rising home prices could offset the benefits of lower mortgage rates.
Why is Wall Street finding new ways to repackage and sell debt?
To create investment-grade bonds from esoteric loans, appealing to yield-seeking investors.
Why are these new debt repackaging methods potentially riskier than before?
Much of the activity is in the private market, lacking transparency and regulatory oversight.
Why are Democrats anxious ahead of the election?
Kamala Harris is losing support from key voting blocs and faces challenges in crucial states.
Why did Starbucks miss earnings expectations?
U.S. same-store sales fell 6%, and the new CEO plans a complete overhaul.
Why did Boeing warn of continued cash burn through next year?
A $6 billion quarterly loss and ongoing machinist union strike hinder production.
Chapters
High home prices and elevated mortgage rates are keeping potential buyers on the sidelines, leading to the worst home sales year since 1995.
- Mortgage rate drops may not be enough to offset rising home prices.
- Inventory of homes for sale remains lower than pre-COVID levels.
Shownotes Transcript
