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October 7, 2009

Real Estate Prices Are Much Too High Still.

"The problem is that to have interest rates at the level that’s appropriate would bring down housing prices, which would bankrupt a lot of financial institutions that have real estate as collateral. But we have to let that happen. We can’t try to preserve artificial prices in a market economy."

in delaware online

Peter Schiff`s comments on the economy, stock markets, politics and gold. Schiff is the renowned writer of the bestseller Crash Proof: How to Profit from the Coming Economic Collapse.
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