December 22, 2008
– Comments (2)
I am a follower of Faber. His book Tomorrows Gold is worth reading. Faber stated in 13 Oct 08, the “the US will go bankrupt, it is only a matter of time, sooner or later”. Tell that to the average American and see if he even can fathom the idea. Best believe they are not prepared at all for a US default on it’s debt.
Marc Faber: 2009 to Be `Catastrophic' for Global Economy P1
Marc Faber: 2009 to Be `Catastrophic' for Global Economy P2
Marc Faber calls the turns better than any other public figure.
I agree that 2009 will be much more severe of a recession year for the economy than 2008. But I think that by the beginning of 2010, the US will start to flatten off the negative growth and show positive growth in 2010. Shorter term I am bearish though.