The number of leading commentators warning on US treasuries continues to grow, with Marc Faber - author of the Gloom Boom and Doom Report - saying he would not put his money in them and that under President Obama he fears the US deficit problem will worsen.
Speaking on CNBC, Faber - known as 'Doctor Doom' - said: 'Even the short term for treasuries is uncertain. If I look ten years ahead, where do I want my money? Certainly not in US treasuries.'
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Comment: As of now, deflationary expectations dominate. How long will it last? It is futile to anticipate price inflation if it has not yet shown up. What to do? Wait, with your feet well planted in the starting block and run the heck for your life when the first signals of inflation flash.
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