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Here's Alan Brazil's latest piece:
SOM: Macro Commentary
Falling Excess Savings Is A Red Herring, Consumer Will Continue To Spend

US mortgages
We asked Alan what he thinks about investing in US mortgages at current levels. Here's what he had to say:

I think mortgages will con...

 

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Alan Brazil | US Mortgages | Falling excess savings, a red herring

Why falling excess savings is a red herring. Are US mortgages are good investment at current levels?