Sunday, July 26, 2009

This Crisis has brought more entangling between Wall Street The Treasury and the Federal Reserve Marc Faber

The final crisis may only happen in five years time : Marc Faber


Your portfolio has come up a bit would you be confident the crisis is actually over as some governments pretend that we have seen the end of the tunnel : Marc Faber the editor and publisher of the Gloom, Boom and Doom Report from Vancouver where he was a key speaker at the Agora Financial Investment Symposium this 21 July says " I think the various coordinated fiscal and monetary measures around the world they stabilized the economy , and after having collapsed between September of last year and march of this year we can have a rebound in economic activity , but I mean if you look at Caterpilla actually revenues are contracting and earnings were better because they fired a lot of staff they laid off 35 000 people but if you think about it the laid off people are actually the customers of somebody else , so I think that the economy is going to rebound somewhat and probably will have another dip and the final crisis may only happen in five years time because do not forget this crisis and the crisis essentially should solve the problems and clean the system , this crisis so far has actually aggravated the system and has brought about more entangling between Wall Street The Treasury and the Federal Reserve , and a lot of misguided practices that are detrimental to the health of the economy " You should own foreign shares partly resources stocks and partly shares in Asia and I would own some physical Gold silver and platinum said Marc Faber

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