Brevan Howard: Its US Housing, Not Stocks, Where QE Bubble Could Burst If Normalization Doesn't Come Soon

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Mark Melin
Published on
Updated on

It’s not the U.S. stock market where the bubble can be found, Jason Cummins, Brevan Howard’s chief U.S. economist says it’s the housing market where Fed stimulus has raised costs to bubble levels. And if the Fed delays normalization, “the bigger the housing bubble gets, the greater the risk of a crash once rates are normalised.”

Brevan Howard

Brevan Howard: Stock valuations "far from outlandish," its high end real estate market where QE impact most significantly felt

Calling fundamental value measures of the U.S. stock market such as P/E ratios and dividend...

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.