Fed Must Be Careful Not to Create a Debt Bubble in Housing, Says One Investor
A potential debt bubble is brewing as interest rates remain low, according to one expert.
While the Federal Reserve is likely on hold in September, one investor worries about the potential for a debt bubble in the housing market. Tom Stringfellow, chief investment officer at Frost Investment Advisors, sees some frothiness in the housing market and says when interest rates start moving up there's a potential for problems. TheStreet's Rhonda Schaffler has details from Wall Street.
