What a More Aggressive Fed Means for the Housing Market

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 16 June 2022

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. On this episode of “The Breakdown,” NLW looks at the Federal Reserve’s increasing hawkishness on inflation. He explains how market expectations around Fed interest rate raises have shifted, and also explains how the mortgage and housing markets are being impacted in ways that have potentially problematic long-term consequences. - Nexo is an all-in-one platform where you can buy crypto with a bank card and earn up to 16% interest on your assets. On the platform you can also swap 300+ market pairs and borrow against your crypto from 0% APR. Sign up at nexo.io by June 30 and receive up to $150 in BTC. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.1	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.0	The breakdown is sponsored by nexo.io, near an FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Wednesday, June 15th, and today we are talking about what a more
0:28.4	aggressive Fed means for the housing market. Before we dive in, however, a quick housekeeping note.
0:35.1	There are two ways to listen to the breakdown. You can find the show on
0:38.8	the Coin Desk podcast network feed, which features not only the breakdown, but also other great
0:43.5	coin desk shows, or you can listen on the breakdown only feed, which comes out a few hours later
0:48.6	in the evening. Wherever you are listening, if you're enjoying the breakdown, please consider
0:53.5	leaving a five-star rating or a review. Those things make a huge're enjoying the breakdown, please consider leaving a five-star
0:54.6	rating or a review. Those things make a huge difference to the show, and I appreciate each and
0:59.3	every one of them. Lastly, a disclosure as always. In addition to them being a sponsor of the
1:04.5	show, I also work with FTX. So today, we are going to focus on the macro side of things,
1:10.3	but before we do, I quickly
1:11.9	want to mention that if you've been paying any attention, you know there are big rumors
1:17.1	swirling around Three Arrows Capital. Reports started early yesterday morning that a major
1:22.7	hedge fund in the crypto space had been margin called and was potentially insolvent.
1:27.2	Pretty soon, the community latched onto the idea that it was 3AC.
1:31.3	Moon Overlord wrote 3AC in trouble, rumors swirling.
1:35.0	Kyle and Zhu haven't tweeted or liked anything in days.
1:37.9	Zhu took every coin and tag out of his bio, deleted his Instagram.
1:41.7	An hour ago, they dumped 30,000 STEath and reduced all AVE positions.
	...

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