patrick.net

Thanks to the Fed's bond buying program, the bond market is in a bubble and WILL burst in the near future. Rates will skyrocket crushing the vulnerable economy and housing market. There are a few economists who predict mortgage rates can hit 10% when the bond market bubble bursts. This will mean that we can easily see a 40% crash in home prices!!!
Everytime the Fed intervenes and prevents the free markets from working, they create more bubbles. The housing market is in for an enormous collapse.

http://www.youtube.com/embed/7ZkgGJV4yvU

#housing