Global Government Finance Bubble Continues to Grow

Doug Noland, the Prudent Bear Fund senior portfolio manager, has predicted credit problems for years. What's he saying now?

Doug Noland, senior portfolio manager with the Federated Prudent Bear Fund (symbol BEARX), has warned of the building credit bubble in regular writings since 1999. The fund is designed to rise as markets, and particular stocks, fall. We interviewed him in October to get his view on credit problems around the world.

KIPLINGER: We last spoke in the spring of 2008, and at that time you said the cracks of the credit bubble had started to show, and of course the bubble burst that fall. How do you see the situation now?

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Bob Frick
Senior Editor, Kiplinger's Personal Finance