Sunday, September 14, 2014

Well-to-do-People have Done very Well

"Credit expansion and money printing hasn't filtered much to ordinary people. It's boosted asset markets, real estate and stocks,"

"So well-to-do-people have done very well. High-end restaurants are packed. Now, some money flows to people who are serving there, because well-to-do people give generous tips, but ordinary people have a much higher cost of living increase than 2 percent."








Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.

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