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Saturday, January 11, 2014
The US Government Bond Market is a disaster waiting to happen
Other central banks have done it already around the world but basically
what it demands to is money printing and in fact I don`t think it will
help the bond market at all in the long run.
Maybe when they
start doing it the bond market may rebound a little bit but don`t forget
the 30 Year Treasury has already dropped by 20% since December 21, when
the yield on the 30 year touched 2.51%. Now we are at 3.77%. In other
words yields have gone up substancially.
I think the US
Government Bond Market is a disaster waiting to happen for the simple
reason that the requirements of the government to coverits fiscal
deficits will be very, very high.
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.