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Top related persons:
Daniel Bustamante - 2 — - 1 Jeremy Grantham - 1 Grantham - 1 boomers - 1 DR - 1 they'll - 1 Bustamante - 1
Top related locs:
Scotland Wales England East North Carvana Maricopa County , Arizona
Top related orgs:
Service - 1 Bank of England - 1 Foundation - 1 Federal Reserve's Survey - 1 Consumer Finances - 1 Treasury - 1 Brigade - 1 Bustamante - 1

Search resuls for: "Daniel Bustamante"


2 mentions found


☆ UK household wealth has tanked and it's a sign of what could happen in the US
  + stars: | 2023-11-01 | by ( Cork Gaines | ) www.businessinsider.com   time to read: +7 min
UK's household wealth dropped due to rising interest rates, with regions like Scotland hit hardest. The US faces a similar risk with many Americans' wealth tied up in home equity and retirement accounts. Decline in UK household wealth since the start of 2022. Scotland, Wales, and the North of England had the biggest drops of 24% to 26% in total household wealth. Similar factors are seen in the USThe factors leading to declining household wealth in the UK cast a long shadow over the US.
Persons: —, Jeremy Grantham, Grantham, Daniel Bustamante, boomers Organizations: Service, Bank of England, Foundation, Federal Reserve's Survey, Consumer Finances, Treasury, Brigade, Bustamante, Co Locations: Scotland, Wales, England, East, North
☆ The CIO of a hedge fund says he's betting home prices are going to drop at least 15-20% as consumers start to weaken and 'smart money' gets out of the market
  + stars: | 2023-10-19 | by ( William Edwards | ) www.businessinsider.com   time to read: +4 min
Daniel Bustamante, the hedge-fund CIO who won big in his short bet against shares of Carvana last year, is now betting millions of dollars that the housing market will slow significantly. Bustamante's call for home prices is an outlier in terms of where most Wall Street economists see the housing market headed. ATTOMAnother sign that things may go sour in the housing market is that institutional investors, or "smart money", has increasingly stopped buying residential properties, he said. RedfinAgain, Bustamante sees significant downside to home prices ahead. Recession warnings on Wall Street have become quieter in recent months as jobs and consumer spending data have held up.
Persons: Daniel Bustamante, DR, they'll, Bustamante, Bustamante anecdotally, ATTOM Organizations: Bustamante & Co, KB, Federal, National Locations: Carvana, Maricopa County , Arizona
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