Tension grows in the housing market
Summary
This episode explores the rising cost of money as bond yields hit multi-year highs, driving up mortgage rates and slowing the housing market. Host Kai Rizzetto interviews Robin Wigglesworth, author of "A Fabulous Debt," who explains the bond market's critical role in the global economy and the risks of U.S. fiscal policy. The show also covers Peloton’s pivot to treadmills, the surge in music concert residencies, and the global spread of Nashville hot chicken.
Topics discussed
Pega AI advertisement
Marketplace introduction and date
Bonds, mortgage rates, and housing demand
Housing market trends and builder forecasts
Market recap and book introduction
Interview: The importance of the bond market
Current bond market conditions and US debt
US fiscal policy and Treasury interventions
The world's oldest bond story
Closing remarks on the bond interview
Peloton pivot and the running boom
Daily market numbers and stock updates
Pega AI advertisement
Interview: Rise of music residencies
Global spread of Nashville hot chicken
PMI data and market reaction
Marketplace fall campaign promotion
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