6/3/12: Schiff Happens – Is The Real Crash Yet To Come?

6/3/12: Schiff Happens – Is The Real Crash Yet To Come?

When the mortgage-backed securities (MBS) market collapsed in 2008, real estate owners – both homeowners and investors (and radio talk show hosts) – got hit hard. Banks failed, loans became scarce, buyers disappeared, and people everywhere (including tenants) lost their jobs.  Very ugly. Lesson: pay attention to macro (big picture) economics.  So now we do. …

6/3/12: Schiff Happens – Is The Real Crash Yet To Come? Read More »