“We’re in this low interest environment that has been going on for a long time, and so there is good reason for these high prices [for property],” said Isabel Schnabel, a member of the council, said in Berlin on Wednesday. “But when the interest rates rise again these prices could go very quickly in the opposite direction.”
Fed, ECB, BoJ, PBOC Balance Sheet + Global Systemically Important Banks + Emerging Markets - Zerohedge
Source: "Get Prepared" For The Chaos To Come, Snyder Fears Global Financial Bear Market Looms - ZeroHedge
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