Doug Casey-No Way Out-Stock, Bond and Real Estate Markets Will Collapse
http://usawatchdog.com/catastrophic-m… Doug Casey of Caseyresearch.com predicts, “When interest rates inevitably go up from these artificially suppressed levels where they are now, the bond market is going to collapse, the stock market is going to collapse, and with it, the real estate market is going to collapse. These pension funds are going to be wiped out. Then what’s going to happen? This is a very bad situation. The U.S. is digging itself in deeper and deeper.”
“There’s no way out,” according to Casey. He explains, “It means, in the real world, there is cause and effect. Actions have consequences . . . . What could happen? You could have lots of bank failures. You could have a stock market crash. All this money that the government has created has bulled up the stock market to new highs. So, the next step is likely to be down.”
Join Greg Hunter of USAWatchdog.com as he goes One-on-One with investor/author Doug Casey.