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Michael Taylor, co-founder and portfolio manager at Agora Trading, discusses how shifts in the long end of the yield curve are impacting housing affordability in the U.S.
Taylor suggests that higher government borrowing is pushing Americans out of the housing market, reducing family size and potentially harming family structure.
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Taylor has previously highlighted unusual resistance from active managers toward NVDA's strong growth in recent commentary. Earlier this year, he stated he had returned to maximum bearish positioning in markets for the first time in years, according to Agora Trading disclosures. Taylor’s recent focus has shifted from equity skepticism to concerns about the impact of fiscal policy on housing affordability.