In Dr. Faber’s opinion, QE 3 is a near certainty. The US will be running trillion dollar budget deficits for the next 10 years.
There is no way they can finance all of this through bond issuance. The Fed will have to at least partially monetize this to keep interest rates low. - in LewRockwell.com
Related: ProShares UltraShort 20+ Year Treasuries (ETF) (TBT), iShares Barclays 20+ Year Treasury Bond (ETF) (TLT), iShares Lehman 7-10 Year Treasury Bond (ETF) (IEF)
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
