Some quick notes on Faber's insights:
- Doesn't see any way out of inflation in the US...even if deflation hits, the Fed will monetize more and more debt
- Though thinks we could have temporary bouts of deflation
- Can't see how the US will solve its debt problem
- Thinks the Chinese should dump US Treasuries while they still can
- The economy will be down in the dumps for a long time
Marc Faber is one of the sharpest investors in the world, and is author of the excellent book: Tomorrow's Gold: Asia's age of discovery.
2 comments:
He also appeared on CNBC
http://www.marcfaberreport.com/2009/07/21/marc-faber-on-cnbc-july-16/
Thanks Alex!
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