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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

"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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