We need to start hiking interest rates, and stop trying to reflate a consumption bubble, says...

|By:, SA News Editor

We need to start hiking interest rates, and stop trying to reflate a consumption bubble, says Peter Schiff. Low rates are just prolonging an economy that’s not built on production, but on lending “to governments and college students.” Bonds, he adds, are in a bubble, dependent upon buying from central banks and “speculators who flip them like condos.”