Despite 14 Year Highs, Bond Yields Have a Long Way to Rise – Ep 849
The Peter Schiff Show Podcast
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Why Wall Street Was Drunk
An entire phony economy developed that was built on the foundation of near free money. The whole nation was drunk on cheap money and while they were drunk, they did a lot of stupid things. We're going from very low interest rates to very high interest rates at a time where we have massive amounts of debt. Those two things cannot coexist without massive defaults on debt. When that happens, you have a financial crisis and I don't think the Federal Reserve can sit back and watch that happen.
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