Sunday, March 25, 2012

Marc Faber : The unfunded liabilities increase rates substantially

Marc Faber : Yeah, plus the pension fund industry. They have to have some returns. When interest rates are at zero on cash deposits and on, say, long-term government funds on the ten year notes, say, two percent of thirty years, three percent, they cannot meet the liabilities so the unfunded liabilities increase rates substantially. - in Chris Martenson interview
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