Thursday, April 2, 2009

Mark Faber: Recovery in 2019 latest

Mark Faber:

  • Forget recovery end of 2009. This may be in 2011, worst case 2019
  • Greenspan and Bernancke created a bubble in everything: real-estate, art, equities, collectibles, etc.
  • The inflationary pressure with recovery will be enormous and much higher then in the 70's resulting in a inflationary depression
  • US Congress should resign
  • Not one US official is telling the truth
  • Don't like stocks
  • Real estate might protect you to some extent, but buy in the countryside
  • Have 10% physical gold

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