Saturday, September 8, 2012

there has been a very significant Economic Slowdown Globally in Real Terms

Marc Faber : I like the question, are we in a slowdown? there has been a very significant economic slowdown globally in real terms. we are in recession in Europe. we have hardly any growth if it was measured properly in the u.s., and in Asia, I'm not saying we're in a slump, but we have a tremendous recovery, 2009 to 2011, and just over the last six months the Asian economies have come off the peak. in other words, we have high economic activity but in my view no longer any growth in Asia. - in CNBC The Call 06 Sept 2012
Click here to watch the full interview>>>>>>>


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