Marc Faber on Buying Government Bonds

I have to confess longer term I am of course negative government bonds, and that I think yields will go up and eventually there will be sovereign defaults. But in the last few days when yields went to 2.9 and 3% for the first time in years I bought treasuries because I have the view that they overshot and they could ease down to 2.5 percent to 2 percent because the economy is lot weaker than people think.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.