Marc Faber: U.S. deficit to remain high as far as the eye can see!
In this Bloomberg interview, Marc Faber, author of the Gloom Boom & Doom Report, discusses the U.S. deficit and also comments on financial markets. According to him, the yield of 10-year Treasury Notes will rise to 5% in the medium term. However, in the short run he sees Treasuries rebounding and the US stock markets outperforming emerging markets.
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