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“Mortgage applications to buy a house are now lower than back during the post real estate recession GFC time period of 2009 to 2015.”

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If it looks like a recession, swims like a recession, and quacks like a recession, then it’s probably a soft landing

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“A whopping $7.6 trillion in interest-bearing US public debt will mature within a year, Apollo’s chief economist said. That represents 31% of all outstanding US government debt, adding upward pressure on rates. That’s still below 2020, when debt maturing within a year made up a significantly larger share.”

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