As the year 2013 comes to a close, today James Turk warned King World News that a terrifying tsunami is going to rip through global markets in 2014 with disastrous consequences. Turk takes KWN readers around the world on a trip down the rabbit hole in his powerful interview below.
Turk: “The yield on the 10-year T-note is about to hurdle above 3%, Eric. Imagine what is going to happen to yields when the Federal Reserve begins its so-called tapering in January — buying $10 billion less government debt each month. The demand for that debt will only appear at higher yields….
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