Marc Faber : David Rosenberg was right and I was wrong

Marc Faber : I would like to remind you that the 10-year has made a new low. David Rosenberg was right and I was wrong. The 30-Year has not made a new low. The low in December 2008 was 2.53%. Now we’re around 3.4%. Basically we have an artificial market. The Fed has said we guarantee next to zero interest rates for the next two years. Banks and financial institutions are pouring into the 10-year because of the low rates at the present time - in Bloomberg