- Bill Ackman, speaking on CNBC, believes the fed is done hiking interest rates and sees “lots of evidence” that the economy is starting to slow down.
- However, he believes long-term interest rates can still rise in the the mid 5% rate, due to structural inflationary forces. He is not betting on shorter term rates.
- Spreads between mortgage rates and bonds is the highest it’s ever been been, so Ackman doesn’t necessarily see mortgage rates going higher.
- Real estate investors that need to finance at higher rates are in a difficult position and could be the focal point of negative economic effects.
- Weighing in on politics, Ackman wants an alternative to the choices we have now. He believes a Biden-Trump election as not good for the country.
