Personal Feud Closes $1.5B Hedge Fund OpinionA Good QuestionBy THOMAS L. FRIEDMANPublished: February 25, 2012Something in the inbox recently reopened the debate over who is responsible for higher oil prices.http://www.nytimes.com/2012/02/26/opinion/sunday/friedman-a-good-question.html Faber Seeing Recession Clashes With Yellen, Likes Treasuries2015-12-29 08:50:35.878 GMTBy Wes Goodman(Bloomberg) -- Marc Faber recommends Treasuries and saysthe U.S. is at the start of an economic recession, clashing withFederal Reserve Chair Janet Yellen's view that things areimproving."Ten-year U.S. Treasuries are quite attractive because ofmy outlook for a weakening economy," Faber, the publisher of theGloom, Boom, Doom Report, said in an interview with Bloombergon Monday. "I believe that we're already entering a recession inthe United States" and U.S. stocks will fall in 2016, he said.Yellen raised interest rates this month for the first timein almost a decade and said Americans should take the decisionas a sign of confidence in the U.S. economy. Analysts differover whether the Fed's decision to increase its benchmark cameat the right time because the inflation rate is stuck near zeroeven as gross domestic product expands.The benchmark U.S. 10-year note yield was little changed at2.23 percent as of 8:44 a.m. in London, according to BloombergBond Trader prices. The price of the 2.25 percent security duein November 2025 was 100 5/32. Treasuries have returned 1.1percent in 2015, down from 6.2 percent last year, based onBloomberg World Bond Indexes.U.S. economic growth slowed to an annualized 2 percent ratelast quarter from 3.9 percent in the previous three months, theCommerce Department said Dec. 22. The last time the economy wasin a recession was December 2007 until June 2009, according tothe National Bureau of Economic Research."While things may be uneven across regions of the countryand different industrial sectors, we see an economy that is on apath of sustainable improvement," Yellen said Dec. 16 after theFed increased its benchmark rate by a quarter percentage point.Former U.S. Treasury Secretary Lawrence Summers andeconomist Nouriel Roubini had both warned the Fed should becautious because inflation has yet to pick up as the economyexpands.The central bank's preferred inflation index was at 0.4percent in November, a government report showed this month. Ithas been below the Fed's 2 percent target for more than threeyears.Faber is also at odds with the consensus view onTreasuries. U.S. 10-year yields will climb to 2.80 percent bythe end of 2016, based on Bloomberg surveys of economists withthe most recent forecasts given the heaviest weightings.To contact the reporter on this story:Wes Goodman in Singapore at wgoodman@bloomberg.netTo contact the editors responsible for this story:Tomoko Yamazaki at tyamazaki@bloomberg.netNicholas Reynolds, Naoto Hosoda Need a Job? Invent ItFinding a job is so 20th century. That is why young people today need to be more "innovation ready" than "college ready."Article @ NYTimes 2011: Another positive year for goldAfter a tumultuous year in financial markets around the world, gold was one of few asset classes to deliver positive returns. During 2011, the US dollar price of gold rose by 9% ending the year at US$1,531/oz based on the London PM fix, marking the 11th consecutive year of price increases. During the first part of January 2012, the price of goldcontinued its upward trend