The tweet was deleted by the author.
But we saved everything 🙂.
Josh Young foresees a future where rate cuts and quantitative easing will lower mortgage rates.
This reduction is expected to lead to a boom in home construction, which will subsequently enhance employment and positively impact various sectors of the real economy, including increased oil demand.
Young’s outlook on housing-driven economic growth is particularly pertinent against the backdrop of ongoing challenges in the energy sector, such as the potential for an LNG oversupply by 2030 and persistent underinvestment in oil and gas infrastructure. Together, these dynamics underscore the intricate linkages between monetary policy, construction activity, and global energy demand.