cover of episode Who can afford a house in this economy?

Who can afford a house in this economy?

2025/5/22
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A
Amy Scott
C
Campbell Harvey
C
Cara McDaniel
C
Chuck Tomes
D
Dee Chancho
E
Eli Dvorkin
E
Esteban Moro
E
Ethan Strube
G
Gianpaolo Baiocchi
H
Hannah Scoville
J
Jake Krimmel
J
Juan Carlos Carasquel
K
Kai Risdahl
K
Kathy Jones
L
Lisa Sturdivant
N
Nadia Evangeliou
P
Priya Krishna
S
Susan Wachter
T
Tabitha Knight
Topics
Kathy Jones: 作为Charles Schwab的首席固定收益策略师,我认为投资者对长期持有美国国债的风险认知正在增加。虽然10年期国债存在一定的风险溢价,但远不及30年期国债。目前,市场普遍认为长期投资美国存在较高风险,因此投资者希望通过更高的收益率来弥补这部分风险。 Campbell Harvey: 作为杜克大学的金融学教授,我认为美国信用评级被穆迪下调,以及特朗普总统贸易政策的不确定性,都打击了投资者对美国的信心。此外,美国不断膨胀的联邦债务也是一个重要因素。目前,美国似乎难以有效控制财政支出,导致财政赤字持续上升,债务问题日益严重。 Chuck Tomes: 作为Manulife Investment Management的代表,我认为投资者对美国国债的需求正在减弱。最近一次20年期国债的拍卖显示,终端投资者的需求低于预期,这可能进一步推高债券收益率。 Henry Epp: 作为Marketplace的记者,我观察到长期国债收益率的上升会对经济产生广泛影响。由于长期国债收益率与其它类型的债务紧密相关,例如抵押贷款利率和企业资本项目的融资成本,因此长期收益率的上升可能会增加购房成本和企业投资成本,从而对整体经济增长产生不利影响。

Deep Dive

Shownotes Transcript

The supply of homes for sale hit a nearly five-year high in April, but prospective buyers aren’t exactly taking the bait. Some may feel they’re swimming in options, but many can’t afford what’s available. In this episode, why the spring housing market is feeling unbalanced. Plus, online restaurant reservation platforms duke it out with the help of credit card companies, big cities grow bigger and investors see U.S. Treasuries as an increasingly risky option.

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