Thursday, July 12, 2012

Marc Faber : Huge Fiscal Deficit in the USA overtime

Marc Faber : well basically we have a very large fiscal deficit and we have very large unfunded liabilities , The Democrats should cut the spending which is mainly on entitlement meaningfully and since the economy is very sluggish it will be very difficult to increase taxation so in my view essentially The fiscal deficit is going to become a huge problem overtime - in a Slovak Radio interview
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.