As I’m sure you’re well aware, the Fed raised interest rates by one quarter-point yesterday, stating that the economy is doing well.
Now this decision is certainly good news for Wall Street and the big banks, as they’ve been wanting higher interest rates for some time. But Yellen forgot about (or neglected) one particular industry that was already at risk.
It makes up one of the largest markets in the world and employs over 1.7 million people in the U.S. alone. And if the Fed raises rates again, as I predict they will…
This could be the next “bubble” to burst.