The U.S. stimulus package under consideration in the US will backfire because the government will grow.
"With the stimulus package the government is proposing, I think the depression will last longer, and the unproductive government will continue to grow at the expense of the private sector" MARC FABER in MoneyNews
Marc Faber also said that "If you never have a recession, it's like someone who never sleeps" and that "If you have a stimulus package, fiscal deficits go up, and eventually you end up with higher interest rates and inflation. There is no free lunch. Someone has to pay"
Marc Faber is quite pessimistic on the government actions to sort this crisis. Follow Marc Faber latest interviews, stock pickings and market opinions on Marc Faber`s Blog.
