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U.S. Bonds May Turn ‘Worthless,’ Marc Faber Tells Handelsblatt

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Oct. 5 (Bloomberg) -- Marc Faber said U.S. Treasuries may become “worthless” as central banks, led by the Federal Reserve, “print money” in an effort to boost economies, the Handelsblatt newspaper cited the investor as saying in an interview.

“Over the next 10 years, we won’t see any restrictive monetary policy anymore and no real interest rates above zero,” the Hong Kong-based investor told the newspaper in comments published today. Bond yields will “rise massively,” he said.

Faber, 64, publishes the Gloom, Boom & Doom report and is credited with predicting the 1987 Black Monday stock market crash.

To contact the reporter on this story: Tony Czuczka in Berlin at aczuczka@bloomberg.net.

To contact the editors responsible for this story: James Hertling at jhertling@bloomberg.net