Great article graylan! I have to agree with schiff in this matter, that the fed will be jumping into the bond market and tightening will end. If not, hundreds if not thousands of cities, corps and states will go bankrupt from rising bond yields. So my guess is either a huge liquidity squeeze or massive inflation. Neither sound very good. I think question everyone wants answered is when. Im not smart enough or connected enough to answer that one.
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"When?" is the ultimate question. I cannot predict this either. But i see the signs of 2007 all over again, raising home prices, people forced to live in cars because of this. They raised the housing bubble so high it has priced some of the lower middle class into homelessness already. That does worry me. Although, I still am hopeful the future can be prosperous. Thanks for commenting!!