The Fed may have destroyed the housing market by crushing both supply and demand, top economist Mohamed El-Erian says

The Fed may have destroyed the housing market by crushing both supply and demand, top economist Mohamed El-Erian says

Robert Galbraith/ Reuters <ul> <li>The Fed may have broken the US housing market, according to top economist Mohamed El-Erian.</li> <li>That's because interest rate hikes have helped drive up mortga… [+2692 chars]

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