Marc Faber : the Stimulus money went into speculation in commodities and in equities not into job creation

Marc Faber : ....".... the rate of the acceleration of the (US) economy has obviously slowed down and the economy is very large , there are different sectors and different regions and so on some sectors are actually improving and some sectors are are still worsening in general what I think the statics of today the 10% unemployment seem to confirm is that there is a disconnect between the real economy , the real economy being the man in the street who works the middle class the working class and the financial markets market because of all the money printing and the stimulus that has been created by the governments and the central banks does not go into hiring new people and does not go into the construction of new factories and the acquisition of equipments and machinery but it goes into speculation , speculation mostly in commodities and in equities ......"

Market strategist and contrarian investor, Marc Faber editor and publisher, "The Gloom, Boom, & Doom Report" from Vancouver interviewed by Pat Bolland of the Canadian BNN , he talks about the economy and his outlook for investment markets