Article Image
News Link • Federal Reserve

America Is On The Mother Of All Adjustable Rate Mortgages

• Peter Schiff,
 The Federal Reserve ran another "stress test" on major financial institutions and has determined that 15 of the 19 tested are safe, even in the most extreme circumstances: an unemployment rate of 13%, a 50% decline in stock prices, and a further 21% decline in housing prices. The problem is that the most important factor that will determine these banks' long-term viability was purposefully overlooked - interest rates.

Join us on our Social Networks:


Share this page with your friends on your favorite social network: