Equities are attractive relative to Government Bonds

Marc Faber : " I wouldn't say that they are (the stocks) particularly attractive , look i am in Switzerland at the moment the ten years government bond yield is 0.7 percent and you can buy quality companies like Nestle Novartis and so forth and they have a dividend yield of say 3 percent , so relative to government bonds equities are attractive , and if you really think it through and you are as bearish as I am , and you think the whole financial system will eventually collapse we do not know in three years or five years or ten years but one day there will be a reset and everything will essentially be started anew then you're better off in equities than in government bonds because a lot of government bonds will either default or they will have to print so much money that the purchasing power of money will depreciate very rapidly "