Marc Faber, author of the Boom Doom and Gloom Report, criticized Fed Chair Janet Yellen on Bloomberg this morning for having waited to raise interest rates since essentially 2010 when the economy had some momentum. It was poor judgment to wait until right before what he saw as a recession in the U.S. in 2015, he said. "That will be the biggest joke and failure of monetary policy in recent history", he said.
Faber also saw 10- and 30-year Treasuries as offering some compelling opportunity for investors in 2016. The S&P 500 will end the year lower, he said.
