The reality is that with unprecedented levels of debt and minimal savings, U.S. interest rates should be much higher than their historic norms. But rates have stayed low because the Fed has been able to artificially suppressing them. The markets are about to change that fast.

The reality is that with unprecedented levels of debt and minimal savings, U.S. interest rates should be much higher than their historic norms. But rates have stayed low because the Fed has been able to artificially suppressing them. The markets are about to change that fast.

— Peter Schiff (@PeterSchiff) February 21, 2018