Marc Faber recommends commodities in particular sugar cotton copper gold silver and precious metals
the government debt has is growing at very rapid pace during the last 12 months , it increased by 1.9 trillion dollar next 12 months I expect it to increase by about 2 trillion dollars or so , and then it will be very difficult to bring down the deficit in my opinion " said Marc Faber on June 6 2009 during an interview with radio host King World News ..." Economy is unlikely to recover much from the present level we have fallen off the cliff between September of last year and march of this year and we reached in March kind of low point in economic activity and what can happen from this low point is some kind of recovery for a couple of months or even a couple of years but I think the peak prosperity and the peak growth rate we had in 2006 early 2007 will not come back any time soon , The FED will be in a position in which they will be very reluctant to increase interest rates " Faber added "we have since march weakness in dollar and in bond but strength in stocks and in commodities and now I think for the next ten days the bonds can rebound in other words yields will come down somewhat and the dollar can rebound somewhat , but long term I am extremely negative about US treasury Bonds and the US dollar
will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.” Faber added ..this story was reported continuously on main stream media these last 2 weeks , even Peter Schiff talked about it on his Wednesday Wall street unspun podcast
