Guru- Marc Faber: Exploding deficits will "doom" U.S. Treasurys

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Marc Faber: Exploding deficits will "doom" U.S. Treasurys

Friday, August 27, 2010
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From Newsmax:

The Treasury market has been on quite a roll for the past 30 years, with the 10-year yield plunging from more than 15 percent in 1981 to about 2.5 percent currently.

But Marc Faber, publisher of The Gloom, Boom & Doom Report, warns that the fun won’t continue much longer.

"I think that there isn’t much upside potential in Treasurys, unless it’s for the short term," he told CNBC.

"If I look 10 years ahead..."

Read full article...

More from Marc Faber:

Marc Faber: Dow could fall to 1,000

Marc Faber: "I buy gold... I don't know what else to buy"

Marc Faber: Get out of the dollar... Buy these emerging markets

Topics:		Guru \| US_Treasuries \| Cruxallaneous

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