The Republicans do not want to increase Taxes and The Democrats do not want to cut spending

My view has been for quite some time that in December 2008, when the 10 Year Treasury note yield went down to 2.08%, that was a kind of a generational low. That this was a secular low, and that from here onwards yields will go up, either because of inflation / better economy or because of the huge deficit. Or a combination thereof. Increasingly investors begin to realize that between the republicans and the democrats...the republicans don`t want to increase taxes and the democrats do not want to cut spending, so the deficit in my opinion will stay above 1 Trillion dollars for as far as the eye can see. - in Bloomberg TV
Related: iShares Barclays 20+ Yr Treas.Bond (ETF) (NYSE:TLT) , ProShares UltraShort 20+ Year Trea (ETF) (NYSE:TBT), iShares Lehman 7-10 Yr Treas. Bond (ETF) (NYSE:IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.