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Peter Schiff and Marc Faber on why not to buy bonds
Posted on 04 September 2010 with 1 comment from readers
Investment gurus Peter Schiff and Marc Faber make the case for not buying bonds. This is the contrarian view. Citi analysts have just issued a report backing bonds as a long term investment.
It is easy enough to see equities as overvalued and heading for a further correction. But that may only take a month or two. Thereafter the outlook for bonds is bleak as governments will be forced into further stimulus policies that will ultimately prove inflationary – good for dealing with debts but horrible for bondholders.
Posted on 04 September 2010
Categories: Banking & Finance, Bond Markets, GCC Economics, Global Economics, Investment Gurus, US Stocks, Video Channel
1 Comment posted by readers:
Why would anyone listen to Citi analysts about anything?
I ‘m amused when anyone says that the US Government will default on its debt. They can create as much money as they like. The resultant inflation will devalue the debt quite quickly, and might also help the Government raise more tax revenue.
Everytime I see Trish Regan, I am reminded of Diana Rigg in “The Avengers.” It is a shame that she got paid very little for starring in that series. It was one of the few British TV shows to make it in America. I liked her in the 1969 Bond film, ‘On Her Majesty’s Secret Service’. Once Internet TV takes off, I’ll be able to call up ‘The Avengers’ at will. That is one reason why so many more cell towers will be needed. Investing in companies that build them might provide a nice return.