Marc Faber explains what could Crash Stocks in 2014
Its interesting that
despite all the money printing bond yields didnt go down, they bottomed
out on July 25th 2012 at 1.43 percent of the 10 year. We are now 2.85
percent. We are up substantially. This hasn't had an impact on stocks
yet. Infact it pushed money into the stock market out of the bond
market.
But if they 10 years
goes to three and half to four percent and the 30 year goes to close to
five percent, the mortgage rates go 6 percent, that will hit the economy
very hard.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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