Monday, 30 November 2009

Marc Faber: Before the big bust comes sky-high inflation rate



Monday, November 30, 2009


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…

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Marc Faber: Gold won't fall below $1,000 again


Marc Faber: Going long the U.S. dollar