Three Mini-Bubbles Are Bursting

by John Rubino via DollarCollapse.com,
ZeroHedge.com
Dec 29, 2016

The world has gotten so used to ultra-low interest rates that even economists and money managers seem to be shocked by what happens when rates start creeping back towards normal levels.

Some of the mini-bubbles that formed in an essentially free-money environment are now starting to leak. Notably:

US Housing
While the action in this sector is nothing like the raging mania of the 2000s, prices in many hot US markets are at all-time highs, while affordability is at or near an all-time low. And now rising mortgage rates are beginning to bite.

The Rest…HERE

This entry was posted on Thursday, December 29th, 2016 at 11:41 am and is filed under Economics, Government Evil. You can follow any responses to this entry through the RSS 2.0 feed.