Housing Bubble – Again – “All Bubbles Go Sour”
“you can’t have zero rates forever… as soon as the FED rises interest rates (2016: 0.5% – 0.75%), the bubble will pop.
The only people that will benefit are the 1% the fast-money hedge-fund people – come in for the a quick trade and move on.”
“If the American people ever allow private banks to control issue of their currency, first by inflation, then by deflation, the banks and the corporations that will grow up around them, will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
—Thomas Jefferson in the debate over his opposition to the Re-charter of the Private Bank Bill (1809).