Monday, May 20, 2013

Peter Schiff - What Happens When Interest Rates Rise?

An incredibly clear and easy to understand speech from Peter Schiff at this year's Las Vegas Money Show. It reminds me of the presentation he gave to a large group of mortgage bankers in 2006 where he described what would occur to the real estate market when mortgage rates rose and the artificial lending was removed. This time around with the bubble in the bond market he discusses what will happen when bond yields rise and the artificial lending is removed.

Please forward this to anyone who thinks that the current fairy tale we live in today will end well.

1 comment:

  1. peter is one smart guy. thanks for this link!

    ReplyDelete