Those who believe that artificially low interest rates are needed now, fail to see the price that will be paid down the road. By keeping rates too low, the Fed continues to lead an overly indebted economy deeper into the financial abyss. However, its ability to maintain rates at such low levels is not without limits.
Just as real estate prices could not stay high forever, interest rates cannot stay low forever. When rates finally rise, the extent of the economic damage will finally be revealed. - in Schiff Radio
Related: iShares Lehman 7-10 Year Treasury Bond (ETF) (IEF), iShares Barclays 20+ Yr Treasury Bond (ETF) (TLT)
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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August 8, 2012
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