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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.