Marc Fiber, Swiss advisor of a number of investment funds, discussed the current bull market around U.S. Treasuries in his recent TV appearance on Bloomberg T.V. When asked if U.S. Treasuries are the biggest bubble ever, Mr. Faber did not try to decline the question and simply agreed with such assertion. He explained, that if asked about the Nasdaq in December 1999, he would have said this is the biggest bubble ever.
Despite that the Nasdaq continued to go up 30 percent until March 21 2000, and then it's been a disaster. According to Mr Faber, the government bonds bubble will also burst. Although he could not predict with certainty if it's tomorrow or in three months, Faber suspects that it will be sooner than later, because the consensus is now buy US government bonds.
Marc Faber is a Swiss investor who serves as director or advisor of a number of investment funds that focus on emerging and frontier markets, including Leopard Capital’s Leopard Cambodia Fund and Leopard Sri Lanka Fund. He has a reputation for being a contrarian investor and has been long term bearish about the American economy.
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