Monday, June 11, 2012

Marc Faber : US Government Bonds is the Biggest Bubble ever

Marc Faber : ...If you had asked me about the NASDAQ in December 1999 I would have said it 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 ...it's been a disaster and I think the government bonds bubble will also burst but I do not know tomorrow or in three months I suspect it actually may be sooner than later because the consensus is now buy US Government Bonds , I can see why people buy US Government bonds .....
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.