A "perfect financial storm" brewing that could be worse than 2008? "Dr. Doom" warns: $8.3 trillion in low-interest mortgages already carry $2 trillion in paper losses.

Zhitong Finance APP has learned that well-known American economist Peter Schiff, known as "Dr. Doom," believes that the low mortgage rate locked in years ago may be one of the smartest financial decisions you have ever made, but it could also become part of "the perfect storm of impending financial destruction." In a post published on X on October 15, Schiff warned: "In this brewing mortgage crisis, the losses of mortgage lenders will far exceed their losses during the entire global financial crisis (GFC)."