May 19, 2014

The Housing Market Is Already Rolling Over

All this speculative buying is coming to an end just as the Fed is beginning to taper. The Fed is so proud of itself. "Hey, we have got this great economy built on the wealth effect of the housing market and the stock market" and as they are tapering, the housing market is already rolling over, the wealth effects are working in reverse.

Peter Schiff is an American businessman, investment broker and financial commentator. Schiff is the CEO and chief global strategist of Euro Pacific Capital Inc.

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