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