Eric Mecking: "We are on the verge of a new Lehman Brothers moment"

Joris Beemsterboer and co-host Matthias talk to Eric Mecking. Eric looks at the economy through a historical lens, which means that his field of vision extends far beyond that of many bankers or economists. Moreover, like no other, he knows how to connect the past with the present and to extend it to the future.

Eric expects that we have now entered a period in which interest rates will remain high for a long period of time or even rise further. In his view, falling interest rates have caused enormous price increases in stocks, bonds and real estate in recent years, he expects that the high(er) interest rates will now cause enormous price drops, with the housing market in particular being hit hard. He advises no longer to strive for return on investment, but for return of investment.