Whitney Tilson: “Mortgage rates at 7% feel incredibly high.”

“So either the economy remains quite strong, in which case I think corporate profits remain quite strong and the economy adjusts to higher interest rates, which by the way feel super high to us. Mortgage rates at 7% feel incredibly high. Well, because interest rates were at zero and mortgage rates were at 3% or but historically we're actually sort of at average levels.” (55:29–55:34)

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