Marc Faber on The Australian TV

CREATING DELIBERATE ECONOMIC COLLASPE-2

Marc Faber : .....we have to distinguish between the stock market and the economy as you know the real economy begun a recession in late 2007 and then between September 2008 and March 2009 we fell off the cliff and then we were at the very low level of economic activity then the huge stimulus packages kicked in and the money printing kicked in in other words zero interest rates and quantitative easing by the federal reserve and also other central banks , that then stabilized the global economy and when you have car sales dropping 50 percent and more then you gonna of course have a rebound , but the question is how sustainable the rebound will be or is this rebound at the present time actually borrowed from the future , and in my sense , here I am talking about the economy that the economy in near term can recover may be the recovery will be somewhat lengthier than expect , then crack up boom because the first stimulus package in the US probably will be followed by a second one and money printing will lead to even more money printing next years so it could last say twelve to eighteen months and then we will get another set of problems rising from each government action has unintended consequences ..."....etc...
the above transcript was done manually and hence it is very approximate...