Tuesday, December 30, 2014

Democrats and Republicans, they’ve blown Money away

REGAN: We’ve got midterm elections here in the US tomorrow. Do they matter for the markets? Does the configuration of the US Senate in your view really matter?

MARC FABER : Well it will be perceived as positive if the Republicans gain the control, but I don’t think it really matters because on (inaudible) Democrats and Republicans, they’ve blown money away. It’s not that the Democrats – actually under Mr. Obama spending has been relatively muted partly because of the sequester and so forth. But nevertheless, as a percent of the economy it hasn’t grown much. It’s actually contracted.

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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