Central Markets by Robert Lloyd, CFA

The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the  information cannot be guaranteed. All opinions and outlooks are subject to change.

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The food is terrible and the portions are small (Part 2)

The housing market continues to weaken. But why? If the Fed is buying tons of mortgages, how could things slow down? Simple: interest rates and housing prices. Higher rates + higher prices = fewer qualified borrowers. Where have we seen this before?





The second chart shows plunging homebuyer confidence and this is reflected in the existing home sales data. One of the side effects of very high inflation is consumption falls as people can’t afford to pay the market price. I can hear my mother’s voice from the 1970s: I love you, stop that, and we can’t afford that! Government policy makers are about to find out that inflation is not growth, just as they did in the 1970s!


Robert Lloyd, CFA®

Chief Investment Officer

Lloyds Intrepid Wealth Management

Lloyds Intrepid LLC is doing business as Lloyds Intrepid Wealth Management. Lloyds Intrepid LLC offers investment advisory services in the State of Texas where registered and in other jurisdictions where exempted. Registration does not imply a certain level of skill or training. Lloyds Intrepid LLC and its advisers do not provide legal, tax or accounting advice. Lloyds Intrepid LLC formulates retirement plans, investment strategies, portfolio construction and investment due diligence for clients with signed investment advisory agreements with us. The information contained herein has been obtained from sources believed to be reliable, but the accuracy of the information cannot be guaranteed. All opinions and outlooks are subject to change.


© 2021 Lloyds Intrepid LLC


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