Peter Schiff

Peter Schiff

622,000 subscribers

⏱ 👁 9,557 views

Oil Prices Are About to CRUSH the Housing Market

Video Overview & Insights

I'm breaking down why I believe oil could hit $120-$150 a barrel by late summer or early fall. With no end in sight to the embargo and the Strait closure, I see prices climbing fast. Bond yields just hit 4.43% on the 10-year – the highest since the Liberation Day sell-off. I think rates are headed much higher, which will crush housing and send mortgage rates to new highs. Higher fuel prices are recessionary – when people spend more on gas and food, they spend less everywhere else. Here's what I think is coming.

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No problem the FED will step in with QE.

— @dido7427

#oilprices #recession #housingmarket #bondyields #mortgagerates #inflation #economy #stockmarket #investing #financialnews #oilcrisis #interestrates #fedreserve #marketcrash #personalfinance #short

“

Fed doing QE

— @Aarinicutiepie

More User Perspectives

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Many countries are now low on oil reserves. May through August will see countries having to shut non-essential services / industries down. There is going to be a premium for essential finished goods because nothing is being output. Spot will tank while the real street price will sky rocket.

@AW-Trader

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Is anything gonna be bullish for gold and silver again?

@silver-en7kl

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Just to level the field Trump will put Iran and America back to the stone age.

@newyork8415

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I think Trump should go back to ballroom building.

@newyork8415

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Well this is very optimistic outlook.

@newyork8415

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I like Peter Schiff and I like what he says and has been saying for years, but even though he is very intelligent, he is simply wrong and his timing is way off all too often!!

@rosenasser5943

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I'm not spending any more I just bought a 31 Model A coupe I had one way back a 30 know that's my last purchase plus the price in the fucking tax 17 grand Peter no silver no gold but this thing will keep its value trust me I've already had people offered me $20

@norm2264

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They are tamping down the oil price, just poring out short contracts

@Lassemalten

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Yes Peter schiff was always right and is still right. Many are selling gold and silver to chase higher bond yields but they likely won’t get their money back.

@rp5339

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CRASH TIME BABY!!!🎉🎉🎉

@CrashBr0

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10 year Treasury should be well above 5% already.

@Me-np8fb

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Sux for gold and silver.

@rdg3686

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Oil prices are killing everything.

@CarolHighfill

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You dont know the plan!!!!

@johnswigler6512

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Funny how you spend all your time raging about oil prices and Trump, meanwhile GOLD continues to crash at an alarming rate... But, not a peep from Pete. 😅😅😅

@CmdrMic

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No time stamp.......????

@charlespick248

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I don't know Pete
But you did call it
If that thing continues on like the derby
The economy is saved

@godlovesjohnny3117

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Blockade the Blockade with a Blockade
Don Tzu

@robd2287

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Won't that crush Gold as well though Peter?

@nickoutram6939

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Nah bro trump is gonna save us all

@Griffatron3000

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Wouldn't that mean houses will go even higher, I mean what about the cost of materials rocketing

@ebo5246

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Absolutely it is

@architectureofincome