13 February, 2009

Marc Faber criticizes the Obama Administration

Marc Faber criticizes the Obama administration’s fiscal stimulus package, saying that the only thing it will do is to keep the economy and stock markets underwater.

“The current crisis is a direct consequence of continued U.S. government intervention into the economy through fiscal and monetary policy that has been designed to never have a recession” he said in an video interview with Bloomberg TV.

"The economy needs a recession" Marc Faber