Marc Faber on a global crash, the US Treasury bubble and China's slowdown
Another day with record lows for the US Treasury, both the 10-year and the two-year. Could this be the biggest bubble we have ever seen? We talk to famed investor Dr. Marc Faber, publisher of the Gloom Boom and Doom Report, and ask for his short-term outlook on China and what the recent low in Chinese steel futures contracts indicates about the economy. Also, we have heard a lot about the Libor probe, but not much about the Libor rate itself. What are the alternatives to a benchmark interest rate which underpins an estimated $550 trillion in financial products? We talk to Bob English, contributing editor for ZeroHedge and EconomicPolicyJournal.com.