| Marc Faber: Before the big bust comes sky-high inflation rate | |||
From Marc Faber on Marc Faber Blog (unofficial): "The crisis has not solved anything. On the contrary there is less transparency today than there was before. The government's balance sheet is expanding, and the abuses that have led to the one cause of the crisis have continued. I think eventually there will be a big bust and then the whole credit expansion will come to an end. But before that happens, they will print money, and they will grow into very high inflation rate, and the economy will not respond. The average family will be hurt… Read full article... More from Marc Faber: Marc Faber: A video that could scare the hell out of you Marc Faber: Gold won't fall below $1,000 again Marc Faber: Going long the U.S. dollar |
Monday, 30 November 2009
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