Dick Bove sees recession, 7% rate...in a few years

Dick Bove
Jin Lee | Bloomberg | Getty Images

At some point over the next few years, the rate of money flow and inflation will start to catch up to each other, eventually sending the economy into a recession, according to a new analysis from banking analyst Dick Bove.

The good news in Bove's forecast is that the day of reckoning is probably four years away.

The bad news is that a 7 percent rate in the 10-year note looms out there, something that would put a severe crimp in the current debt-happy economy.

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