Wilbur Ross ‘Govt. Bond Bubble Getting Ready to Burst’

Long-term government debt, which has provided some of the best market returns for decades, now poses the greatest threat to portfolios, investor Wilbur H. Ross told CNBC.

Some quotes:

“I think the greatest bubble that is about to burst is the 10-year and longer Treasury, because the idea that inflation is gone forever and for all time, and therefore these artificially low rates can last, is silly.”

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“I’d rather be in equities than in 10-year Treasurys.”

On why he likes exco and the natural gas industry:

“We like very much to invest in companies during time-limited problems, because eventually you get through that cycle and then the fundamentals come back out,” Ross said. “The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That’s going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren’t so crazy about us, and change many, many parts of what goes on here.”

Video below: