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Marc Faber: 2009 to Be `Catastrophic' for Global Economy

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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

 

 

 

2 Comments – Post Your Own

#1) On December 22, 2008 at 11:10 PM, mickeyc21 (29.59) wrote:

Good videos.

Marc Faber calls the turns better than any other public figure. 

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#2) On December 23, 2008 at 12:27 AM, MLGtrader (98.77) wrote:

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.

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