Thursday, July 12, 2012

MARC FABER : US Bonds like The NASDAQ In 1999 - The Biggest Bubble Ever

Marc Faber, publisher of the Gloom, Boom & Doom report, talks about his strategy for global stocks, bonds, commodities and currencies. " If you had asked me about the NASDAQ in December 1999, I would have said this is the biggest bubble ever. And yet the NASDAQ continued to go up 30 percent until March 21st 2000, and then what happened to the NASDAQ and how have these people faired that invested in the NASDAQ in the final months of 1999 and early months of 2000? It's been a disaster. And I think the government bonds bubble will also burst, but I don't know if it's tomorrow or in three months. I suspect actually maybe sooner than later, because the consensus is now buy US government bonds...I can see why people buy US Government bonds " Marc Faber said


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