The US market has outperformed the European and Asian markets

Marc Faber : if I look at the volatility we have in the market and the result is actually that the S&P and the NASDAQ are flat for the year where European and Asian markets are down between ten and twenty percent so this year the US market has actually outperformed many other markets and that this out performance may continue for a while because in the US you have guaranteed extremely expansionary monetary policies with zero interest rates staying there essentially for ever because the new thinking at the FED is it will keep interest rates at zero until the unemployment rate drops below 7.5 percent , now this may never happen because as in the middle age when we village idiots we have today a lot of unemployable people so the national unemployment rate may be in modern society around ten percent - in Bloomberg