Answers to questions on Bloomberg interview
"We are in a gigantic financial asset bubble".
"The massive quantative easing took the US 10 years bond to a yield of 1.43%, when the FED started to
talk about the tapering of its bond program, the U.S. 10 year bond yield rose to 3%".
" Mr Faber said the problem will come when the tapering follows and the U.S.10 year bond yield goes
from 3 to 4%,and the US 30 year bond yield goes to 5%, and mortgage rates go to 6%.
That will hit the economy very hard".
"We are in a gigantic financial asset bubble".
"The massive quantative easing took the US 10 years bond to a yield of 1.43%, when the FED started to
talk about the tapering of its bond program, the U.S. 10 year bond yield rose to 3%".
" Mr Faber said the problem will come when the tapering follows and the U.S.10 year bond yield goes
from 3 to 4%,and the US 30 year bond yield goes to 5%, and mortgage rates go to 6%.
That will hit the economy very hard".
