10 February, 2010

If We Analyzed The U.S. As A Company, It Would Be A Distressed Piece Of Trash

"If you add all the unfunded liability's the US has in terms of future liability's arriving from medicare, medicaid and social security, then obviously if the US was a corporation it wouldn't be a triple A, but it would have funds that are junks rated."

in Bloomberg

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.