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Wednesday, January 8, 2014
US Treasuries Bubble Will Burst
If you me asked 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 21 2000, and then what happened and how have
these people faired since they 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.
- in Business Insider
Related: iShares Barclays 20+ Year Treasury Bond (ETF) (TLT), ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.