Thursday, September 19, 2013
Interest Rates The Real skeleton in the closet of the Economy
Marc Faber : "On September 14, 2012, when the Fed announced QE3, that was then extended into QE4, and now basically QE unlimited, the bond markets had peaked out. Interest rates had bottomed out on July 25, 2012--a year ago--at 1.43% on the 10-year Treasury note. Mr. Bernanke said at that time at a press conference, the objective of the Fed is to lower interest rates. Since then, they have doubled. Thank you very much. Great success." - in Bloomberg : Click here to watch the full interview >>>
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.