Marc Faber : I believe that the fiscal deficit will not come down it will rather increase going forward

Marc Faber  : ...well I think that Quantitative Easing number two will come to an end , and the FED will then wait for a while and the moment the markets are down say the S&P is down 20 percent so you will have have QE3 , QE4 and so forth , ..no doubt , no doubt that and also I believe that the fiscal deficit will not come down it will rather increase going forward ....If you look at the markets internals many stocks are already down 20 percent some are already down 30 percent the market the indices do not reflect what has been happening within the market because you have within the indices a few stocks that have been lad-reds before like Johnson & Johnson Proctor & Gamble they are now kind of supporting the market but individual stocks a lot of them are down substantially already ....in Bloomberg TV interview May 26 2011