Monday, July 6, 2009

The Only Economy Booming is the Government Sector : Marc Faber

Marc Faber on a Czech TV :

This interview was done around March 2009 I post it for reference purposes , so relax everybody , I understand your frustration we all want to see Marc Faber in main stream media everyday , but this cannot happen ...
Industrial Production of Japan is 45% down , the exporting economies of Asia have been hit very hard ...
equity price home price commercial real estate commodity prices all have collapsed , totally imploded , we are still a long way to see a bottom to the decline , we have falling off the cliff , the only one hiring is the government , most private businesses are down 50% , the only booming economy is the government sector ,

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