Marc Faber : "If we look at U.S. government debt, it reached $1 trillion in 1980 and in the year 2000 we were at $5 trillion. So between 2000 and 2011 we’ve grown three times and the expansion of the debt will continue,"
Thursday, January 19, 2012
Relax , The Stocks Will Not Collapse
Marc Faber : "My view is simply: relax. I don’t think that equities will collapse. I think we have major support going back to August 2010 when the S&P was at 1010,"
in CNBC interview 19 January 2012
in CNBC interview 19 January 2012
Marc Faber - U.S. T Bonds Should be Rated Junk
Marc Faber : .....I think what's happened through back door actions the ECB is already monetizing.Because if the ECB wasn't already monetizing, then the euro would be strong. they have increased their balance sheet and so forth. so I think that much of any downgrade is already priced in. the question is whether the downgrades will be sufficient. In my opinion, most of the European countries should be CCCs. and the U.S. should not be a AAA minus, but a BBB or a junk fund when you realize the unfunded liabilities that are coming to you in the future. - in CNBC
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