Marc Faber : in my opinion, it's insufficient. but, you know, different people have different view. I wouldn't buy any french government bonds. and I wouldn't buy u.s. government bonds here either. but I admit that last year to the surprise of most fund managers 30-year u.s. treasury bonds gave you a return of 30% per annum . so you have a huge move in treasury yields on the downside. and so you had a tremendous capital appreciation on the bonds. and the 10-years appreciated by more than 10%. and I was kind of wrong about this. but I admit I just wouldn't buy them as a long-term investment.
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