Pundit's Perspectives – Wed 11 Dec, 2013
Ten-Year Note Trades Near 6%; If Taper Is For Real
I found this article over at our good friend Bob’s site, 321gold.com. The author, Michael Pento, is a well known fund manager and has some interesting theories on interest rates if the Fed does go through with some degree of tapering. Over the past 5 years there is no doubt that borrowing has increased and people, corporations, and the government all hold significantly more debt. This will prove to be very negative for all involved when rates start to rise.