Hassett: High mortgage rates prove the economy rocks
Kevin Hassett just said mortgage rates being high is actually good because it means corporations get cheap money for data centers instead of regular people getting homes.
This is what peak delusion looks like. Corporations borrow at lower rates than homeowners. Shutting out regular people from the housing market to funnel capital to tech billionaires is not an economic win, it's wealth extraction dressed up as optimism.
Source
x.com