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Monday, September 5, 2011
The Prospect for growth in Europe and the US not good
Marc Faber : "If I look at the politicians both in Europe and the US, I don't think that prospect (for growth) is very good," . "If I also look at the entitlement system and the government expenditures and the fiscal deficits and the debt overhang, I think for the next 10 years we'll have very muted growth in the Western world and standards of living for the average household will continue to decline." - in CNBC
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