Here’s How China Could Crush the U.S. Housing Market
A new housing development built along a canal near the Mokelumne River is viewed on May 22, 2023, near Stockton, California. At the end of January, foreign countries owned $1.32 trillion worth of U.S. mortgage-backed securities, or 15% of the total outstanding, according to Ginnie Mae. “If China wanted to hit us hard, they could […]
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