Marc Faber: U.S. Bonds Should Carry Junk Rating
January 20 — U.S. bonds should carry a "junk" rating due to the combined weight that deficits and unfunded liabilities will have on the economy, and investors are better off putting their money into stocks for now, says economist Marc Faber, publisher of The Gloom, Boom and Doom report.
The U.S. national debt currently runs more than $15 trillion, just above the country's annual gross domestic product. Read more.
