“Pooling risky home loans, then selling them to unsuspecting asset managers, was the recipe for the Great Recession of 2009,” the Weiss editor insists. As long as housing prices continued to climb, homebuyers were able to refinance and everyone got paid, including bondholders.” Markman continued:
However, when housing prices imploded, millions of low credit score borrowers defaulted. The rest is history.The Weiss Ratings report further discusses how interest rates are rising thanks to the Federal Reserve’s recent rate hikes. Typically, Markman says, higher interest rates add a lot more to the monthly mortgage cost and in time the Weiss editor believes it will lower home prices. “That’s why plans at Milo are fraught with warning signs,” Markman adds.
The author notes that financial stocks are down considerably this year despite the fact that interest rates are rising. In recent times, a great number of analysts and economists have said cryptocurrencies are correlated with equities markets this year. While Markman doesn’t believe crypto and mortgages mix, the end of the report notes that crypto asset risk is not 100% negative.
“This isn’t to say all crypto risk is bad,” the Weiss Ratings editor concludes. “Just not in the housing sense. No matter what the markets are doing, the potential to succeed in cryptocurrencies is real.”
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sequoia Capital Partner Believes Lots of VCs Will Pull Back From Crypto – Bitcoin NewsShaun Maguire, a crypto partner in Sequoia Capital, one of the most active VC firms, is not very optimistic about the future of other venture capital companies in the sector. 🔥Join and Invite friends ➡️ POLYGONBONUS Thanks so much fooooorrrr this gift POLYGONBONUS Thanks so much fooooorrrr this gift POLYGONBONUS
Source: BTCTN - 🏆 531. / 51 Read more »
Dorsey, Saylor, Fidelity and others defend environmental impact of bitcoin mining in letter to EPAJack Dorsey, bitcoin miners and others refute claims made by House Democrats who want the agency to investigate the environmental impacts of crypto mining.
Source: CNBC - 🏆 12. / 72 Read more »
MicroStrategy says it may explore more 'yield generation opportunities' following bitcoin-backed loan dealMicroStrategy announced its first-quarter financial results for 2022 on Tuesday, reporting $119.3 million in revenues for the period. Why dоesn't anyоne talk abоut it? yo saylor, come check out THORChain ChadThoreau and familiarcow are making weekly twitter space explaining THORChain If you are serious about getting yield on btc and value decentralization + censorship resistance you will find interesting propose with ThorFi Single exposure fix rate !
Source: TheBlock__ - 🏆 464. / 53 Read more »
'Provably False': Crypto Execs Challenge Politicians' Claims about Bitcoin Mining | CoinMarketCapThe letter rejects claims that a single Bitcoin transaction could power the average U.S. household for a month — and insists it uses as much energy as a tweet or a Google search. dks DarkshieldGames Bomb news does not end at Dks, it strengthened the roadmap, games partners, t1 stock market is expected, tv offers, global ads, very big news will come soon today, it was said It is not investment advice. DKS FWC FWCTokens FWCommunity BSCGem cryptocurrency cryptonews NFTAirdrop NFT games PlayToEarnGame
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Belgium Introduces Registration for Crypto Exchange and Wallet Service Providers – Regulation Bitcoin NewsAuthorities in Belgium have obliged providers of some crypto exchange and wallet services to register with the country’s financial watchdog. POLYGON perfectly 🌠💯 Free Airdrop MATIC POLYGONBONUS Thanks so muchhhhhhh for this gift POLYGONBONUS Airdrop campaign 🔥Join and Invite friends ➡️ POLYGONBONUS
Source: BTCTN - 🏆 531. / 51 Read more »
Crypto Industry Lobbies Against Bills Targeting Russian Oligarchs Evading Sanctions Using Cryptocurrency – Regulation Bitcoin NewsThe crypto industry is lobbying lawmakers against 2 bills aimed at preventing Russian oligarchs from using cryptocurrency to evade sanctions. crypto bitcoin $BTC 💥GET CRYPTO: 🌐 Hmm, I was thinking of posting the same tweet. 💥CRYPT0!! 🌐
Source: BTCTN - 🏆 531. / 51 Read more »