Before It's News | Popular Money
A Nightmare Scenario
Michael Synder * Economic Collapse Blog Most people have no idea that the U.S. financial system is on the brink of utter disaster. If interest rates continue to rise rapidly, the U.S. economy is going to be facing an economic crisis far greater than the one that erupted back in 2008.
Reality: Looming Plunge Into The Abyss For Financial Markets In A Repeat Of 2008-9, Moving To Cash Or Precious Metals Never Made More Sense
InvestmentWatch 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.
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