Stocks Soar as My Reputation Tanks – Ep 789
The Peter Schiff Show Podcast
00:00
The Impact of Rising Interest Rates on the Economy
Businesses are passing on higher raw material costs to their customers, they're now going to be passing on higher interest rates to their customers. A lot of landlords have mortgages on their buildings that they own and these mortgages are probably adjustable rate mortgages. So just because your renting and apartment doesn't mean that rising interest rates don't affect you if your landlord has a mortgage. The only way the landlord can get money to pay the mortgage is to get it from the tenant. So rents are going to have to go up. But even if the c p i doesn't pick up the increase in rents, the economy is still going to suffer the consequences from the increase in rent. And when you have
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