Bonds are the biggest bubble in history says Marc Faber

Marc Faber, the publisher of the Gloom, Boom & Doom report, speaks with Bloomberg’s Sara Eisen about European stocks, a US treasury bubble, gold and a coming worldwide recession.

He contrasts the low yields on US bond with companies that offer dividends of five to seven per cent, although that said stocks are just entering a bear market and so are not a buy just yet. Gold is heading back up and gold mining shares are very inexpensive.