A $200 billion mortgage bond purchasing program might sound like rate relief, but here's the catch: it doesn't actually solve the housing crisis. What it does is throw more capital at an already inflated market.

Think back to 2006. When you pump liquidity into an asset class without addressing the underlying supply constraints and affordability fundamentals, you're not fixing anything—you're just inflating the bubble further. The housing problem isn't a funding problem; it's a structural one. Limited inventory, zoning restrictions, construction costs spiraling out of control.

Injecting $200B into mortgage bonds doesn't change any of that. It just makes assets more expensive relative to actual economic productivity. For those holding crypto and monitoring macro trends, this is exactly the kind of policy backdrop that historically precedes market dislocations. When governments prioritize stimulus over structural reform, risk assets tend to get hammered when reality reasserts itself.