A developer just bought back its own mall's mortgage for under 20 cents on the dollar, wiping out top-rated bonds. The largest U.S. mortgage lender lost $450 million. Robert Prechter explains why real estate's floodgates may open this fall.
Don't miss our Special Report by Head of Global Research Murray Gunn, The Case for an 8.5% Treasury Yield.
Murray lays out the technical case for a market outcome that would have far-reaching implications for investors: a U.S. 10-Year Treasury yield approaching 8.5%. This isn't based on economic forecasts, Federal Reserve predictions or headline-driven speculation. Instead, Murray follows the recurring patterns of investor psychology that have identified major turning points in global markets time and time again before they became widely recognized.
