Saturday, February 18, 2012

World War III will be very positive for Stocks and negative for Bonds

Marc Faber : It is very positive for stocks and negative for bonds, because debt will grow dramatically. There will be massive monetization of debt. When the U.S. entered World War II total credit equaled 140% of GDP, and there were no unfunded liabilities. Now total credit-market debt is 380% of GDP, and unfunded liabilities make that 800%. - in Barron's 2012 Roundtable


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