Tension grows in the housing market
Summary
This episode explores the impact of rising bond yields on the U.S. housing market, noting how high mortgage rates are slowing demand and construction. Host Kai Rizzetto interviews Robin Wigglesworth, author of "A Fabulous Debt," to discuss the bond market's critical role in the global economy and the risks of U.S. fiscal policy. The show also covers the growing trend of music residencies, the global spread of Nashville hot chicken, and market reactions to strong purchasing managers index data.
Topics discussed
Pega AI platform advertisement
Marketplace intro and date
Bonds, mortgage rates, and housing demand
Housing market trends and builder forecasts
Market Wall Street recap
Interview with Robin Wigglesworth on bonds
Closing interview remarks
Peloton pivot and the running boom
Running fashion and culture
The Numbers: stocks, McDonald's, and bonds
Pega AI platform advertisement
Interview on music residencies and fan travel
Global rise of Nashville hot chicken
PMI data and market reaction
Marketplace fall campaign promotion
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