Marc Faber : The Germans not happy with The PIIGS bailout

Marc Faber McAlvany Interview 23 February 2011

- Germans not happy with bailout of P.I.I.G.S.
- “The budget will never again be balanced”
- Even if commodities drop, gold should still rise
there is great opposition of Germany being part of the Eu amongst the German public says Marc Faber , the german public is probably not particularly happy about the bailouts to the PIIGS countries, there is opposition of Germany supporting countries like Greece that have basically abused the system ....Faber explains

Marc Faber outlook for The Indian Market

Marc Faber :"....I was interviewed not long ago, where I said that downside is around 15,000. But many things can happen in the world. Investors have been very complacent about the events in the Middle East. I am not suggesting that it will necessarily spread to the Emirates to Qatar and to Saudi Arabia but there is always a possibility of some further bad news coming out of the Middle East, which would then, in my opinion, drive up oil prices. Obviously, rising energy prices would be a negative for the global economy — for the US economy and also for India....."
via www.moneycontrol.com