On September 14, 2012 when the Fed announced QE 3 that was then extended to QE4 and then now to QE unlimited. The bond market has peaked out a year ago at 1.43% at the 10 year treasury note. Mr Bernanke said at that time at a press conference the objective of the fed is to lower interest rate. Since then they have doubled.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.