This week on “Inside the Economy”, we assess housing affordability, sales, mortgages, household cash on hand, and China’s demographics. Housing affordability is near a record low. How much would home prices have to decrease, or household incomes need to increase for affordability to return to the levels seen in the 2016-2019 markets? Total money-market fund assets are at a record $6.51 trillion, even though there aren’t any new flows into money markets. How are consumers using, or not using, their cash? Regarding China’s demographics, there have been significant shifts. What does the longevity of their nation look like, given the system-wide leverage disparity? Tune in to learn more!

Key Takeaways:

• 10-year bond yield at 4.21%