The Reality Ahead Is A Looming Plunge Into The Abyss For Financial Markets In A Repeat Of 2008-9, Moving To Cash Or Precious Metals Never Made More Sense
Investmentwatchblog.com
July 17th, 2013
Wake up Ben Bernanke has lost control of US interest rates!
The US bond market has quietly slipped into a worse slump than in the Armageddon year of 1994 with bond yields up 40 per cent on benchmark T-bonds since the start of May.
Bond prices move in the reverse direction to yields, so that means US bonds have entered a massive bear market. It matters not very much what Fed chairman Ben Bernanke does or does not telegraph to the markets, they have stopped listening and US interest rates are firmly on the way up.
….
The reality ahead is a looming plunge into the abyss for financial markets in a repeat of 2008-9. Nobody should expect a smooth rotation from bonds to stocks. Moving to cash or precious metals never made more sense.
http://www.arabianmoney.net/us-dollar/2013/07/17/wake-up-ben-bernanke-has-lost-control-of-us-interest-rates/
THE US FINANCIAL SYSTEM: ON THE BRINK
The Rest…HERE
