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
Sunday, March 2, 2014
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.
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.
