Why US Commercial Real Estate Is Another Dangerous Bubble In The Making
The Federal Reserve is a bubble machine. Bubbles pop.
(From Real Estate Investment Advice)
After the U.S. housing and credit bubble burst in 2008, the Federal Reserve was desperate to stimulate the economy by slashing borrowing costs. The Fed cut and held interest rates at virtually zero percent (i.e., zero interest rate policy or “ZIRP”) for seven years and has been gradually increasing those rates since late-2015. Unfortunately, dangerous economic bubbles form during low interest rate periods and…