Despite 14 Year Highs, Bond Yields Have a Long Way to Rise – Ep 849
The Peter Schiff Show Podcast
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The Real Estate Bubble Is About to Implode
Because so many people have such low mortgage rates they're going to hold off and stay in their houses as long as they can which is a problem for the lender. Lenders are stuck with a money losing mortgage because rates are moving up but they're collecting these low interest rates on these mortgages, he says. The real estate bubble is even bigger than the one we had back then that's why this is a much bigger financial crisis that's around the corner said Fed Chairman Janet Yellen.
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