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12-30-2010, 09:27 PM #1
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Faber: Long-Term US Treasurys Are 'Suicidal Investment
Faber: Long-Term US Treasurys Are 'Suicidal Investment'
Thursday, 30 Dec 2010 03:17 PM
Marc Faber, who advised investors to buy U.S. stocks in March 2009 as the Standard & Poor’s 500 Index began a rally of as much as 86 percent, said U.S. Treasurys are a "suicidal" investment.
Government bonds are likely to decline, said Faber, who publishes the Gloom, Boom and Doom report. After bottoming in December 2008, the 10-year Treasury yield rose as high as 3.9859 percent in April on government measures to stimulate the economy. Concern about a second recession in three years sent yields lower through October.
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