joe: those matthew hornbach -- that was matthew hornbach earlier today.lump in sales. this is bloomberg. ♪ theou don't have to be missing out on high-end hampton homes. way concernsrs over hedge fund closures, financial issues, and china's deteriorating economy. here to talk about that and more with hamptons real estate market is --, who wrote the story. what is going on? guest: it is really sales that are going down right now. frenzy a yearge ago. sales across the board are going down. they are especially pronounced in the luxury category. there is just so much to buy. spec house beats -- spec house built some beautiful products. now there is a lot of it. how: we just did a segment there is not enough housing supply in the market. joe: on the low end there is not -- the entire country is not enough. is this more of a supply story at this end? of luxury have a lot happening in manhattan and happening in the hamptons as well. everywhere, you say you mean new york, l.a., miami, and the hamptons. mortgagefter the crisis, the great idea was let's build for pe

according to morgan stanley, it is a dystopian economy, according to matthew hornbach.s forecast to be more bullish than just about anyone else. treasury we yields -- treasury yields will fall to 51 basis points before the first quarter of 2017, he says. also, steven wieting. you are the black cloud on wall street's silver lining right now. you see things fading enough that bond yields are going to go to levels we have basically never seen. matthew: i do not know if it is a black cloud for investors and government bonds, but we have had a tremendous rally so far this year. the 10 year has fallen, and we expected to fall another -- we expect it to fall another 25 basis points before the end of the year. the issue is the global economy. our economists are expecting global growth particularly in the g 10 to suffer over the course of the next couple of years. g-10d 1.9% growth in the in 2015. that will fall to 1.4% this year, down again to 1.2% in 2017. we have global economies slowing in terms of growth, and we think core inflation will remain below central-bank targets. t