Thursday, September 15, 2011

The next crisis will be worse than the one in 2008

Marc Faber : We never really had a recovery in the Western world. The stock markets went up because of the money printing and support in 2009. My view is that they can probably muddle through for another two-three years by piling up the fiscal deficit or printing more money. I do not know when it will happen in 2012 or in 2018, but the next crisis will be worse than the one in 2008. - in business-standard.com

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