30 August, 2010

US Deficits Will Keep Going Up

My biggest concern is that because of a weak economy, the budget and fiscal deficits will remain very high. With Mr Obama as President, there is a very good chance the deficit will go up and the government debt will expand and expand, until one day the interest payments on government debt will become unbearable.

in citywire.co.uk

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.