in terms of income, i don't think you are off. What has changed is # of people between 18 - 29 still living at home. Per bloomberg that # in september 2023 was at the same level as the great depression in the 1940s' In Canada per CBC multi-generational homes, especially for immigrants, has risen by 45% in the last 20 years. That shared housing provides more disposable income and rather than saving or paying down debt they are spending the excess money.
Awesome content, as always
in terms of income, i don't think you are off. What has changed is # of people between 18 - 29 still living at home. Per bloomberg that # in september 2023 was at the same level as the great depression in the 1940s' In Canada per CBC multi-generational homes, especially for immigrants, has risen by 45% in the last 20 years. That shared housing provides more disposable income and rather than saving or paying down debt they are spending the excess money.
Hello Mark! Why higher rates pushe uo productivity? Can we say that there are situation when it decrease competition and slow productivity growth?
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Hello Mark! Can you please explain mechanics how repos are made on spread on AGNC balance.