Saturday, January 11, 2014

This Recession Might Be Far Worse than 1930`s



Economic conditions may turn out to be far worse than in previous recessions, including the Great Depression at the beginning of the 1930s. Everybody seems to think that, thanks to the government's monetary and fiscal interventions, this recession will come nowhere near the 1930s slump. However, I think it might be far worse – and precisely because of the interventions.


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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