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Here’s a short interview Marc Faber gave for Bloomberg recently (week of March 23rd), where he gave his current thoughts on US equities and Treasuries: Faber’s thoughts: Markets became extremely oversold on March 6, when the S&P touched 666 This rally may have some more legs, because the government is printing money – so asset prices may rise […]
BCA Research reports that China is gradually moving its foreign reserves out of US assets, estimating that China currently has about 64% of its reserves in US assets, down from a high of 84% in 2003. BCA’s report also breaks down the types of US assets the Chinese have been purchasing, which recently has been […]
It looks like Jim Rogers, like us, is still waiting for another appropriate opportunity to short US Treasury bonds. From Bloomberg: Investor Jim Rogers said the Federal Reserve will probably start buying Treasuries to keep borrowing costs down, postponing a rout in U.S. government debt. “He’s setting things up for a gigantic fall down the […]
Earlier this week, Chinese officials commented that they will continue to buy US Treasury bonds, because they have no other viable vehicles to park their cash. From the Financial Times: Luo Ping, speaking at the Global Association of Risk Management’s 10th Annual Risk Management Convention, said: “Except for US Treasuries, what can you hold?” he […]
According to a Reuters report, Jim Rogers is still very bullish on Asia, and still very bearish on the US dollar and Treasury Bonds. Jim Rogers accused U.S. authorities of consciously trying to devalue the U.S. dollar by flooding the market with liquidity — or in his words, “turning on the printing presses” — and […]
From our friends over at Market Folly – coverage of Peter Schiff’s latest comments regarding the bubble in US Treasuries – brief excerpt here, click the link above for the full coverage. “However, since the only way the Fed can buy bonds is by printing money, the more bonds they buy the more inflation they […]
Stratfor reports that more European nations are likely to face credit downgrades, and that, ultimately, a restarting of the global economy and flow of credit will be needed to drive down the cost of debt financing. The article mentions how the massive amount of debt being issued by the US Treasury, in the form of […]
The New York Times reports: China has bought more than $1 trillion of American debt, but as the global downturn has intensified, Beijing is starting to keep more of its money at home, a move that could have painful effects for American borrowers. I have no doubt, Dear Reader, that you’re way out in front […]
Do we finally have the opportunity that many of us have been waiting for…the mouth watering chance to short US treasuries? First, a quick review of the fundamental facts, which we have discussed at length in this space. On October 19, we outlined 7 Reasons to Short US Treasuries – and then we promptly went […]
Tom Dyson, who also believes in the short case for long-dated US treasuries, writes in today’s DailyWealth that it may be some time before treasuries actually start to fall. But he closes the article by mentioning that the danger is much greater on the long side of this trade – and mentions a great recent […]
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