The low interest rates led to over allocation of capital to the whole housing sector

The low interest rates led to over allocation of capital to the whole housing sector. The Federal Reserve did not realize the crisis until 2007, when the Fed started lowering rates. They also did not realize how widespread the problem was. - Marc Faber in The Ira Sohn Conference



Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.