US housing market is tanking, banking fiasco darkens outlook: Friedman

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US housing market is tanking, banking fiasco darkens outlook: Friedman
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The US housing market is tanking - and the banking fiasco could make things worse, RH CEO Gary Friedman says

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"I've been on the planet for long enough to know this is not normal, and this is dangerous," he said.

The business leader also urged the Federal Reserve — which has hiked interest rates from nearly zero to upwards of 4.75% over the past year to crush inflation — not to strangle the economy.

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No surprise there, that's what happens when you put all your eggs in one basket!

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