Tuesday, October 15, 2013

The Debt Ceiling is a Political Issue


MARC FABER : "If they don't agree by the 17th, I think what can happen is that the Fed will actually finance the Treasury independently so the interest payments are being met. If the interest payments are not being met, I think it will cause quite a bit disruption to the financial market. I am not that concerned about that. I think this larger issue is like the euro issue a year ago where people were very negative and it was debated and so forth. In the end it is a political decision. I think both parties want to spend. It's just on different items that they want to spend money."

  - in Bloomberg TV Click here to watch the full interview >>>>>


Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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