Rising Rates will hit the Markets Hard

Its interesting that despite all the money printing bond yields didn't go down, they bottomed out on July 25th 2012 at 1.43 % of the 10 year. We are now 2.85 %.

We are up substantially. This hasnt had an impact on stocks yet. Infact it pushed money into the stock market out of the bond market.

But if the 10 year goes to 3 and half to 4 percent and the 30 year goes to close to 5 percent, the mortgage rates go 6 percent, that will hit the economy very hard.

Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.