The Next Big Trade - Michael Gayed: This Bear’s Got Long Legs
Real Vision: Finance & Investing
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The Fed Is the Proverbial Guy Who Has a Hammer
If the Fed left rates here for two years, you would definitely see something approximating a 15% to 20% decline in US real estate prices. The asset price is just too high. And I just don't know how long rates will have to be at this level. Hopefully it will not be as painful because hopefully as the process drags on, treasuries act as a safe haven again. At least giving people an opportunity to hide in something instead of always being afraid of losing no matter where you go.
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