Twenty years ago, a family spent its income on housing, clothing, food appliances, cars, a radio and a TV. Today, it will spend additional money on a DVD player, computers, fax machines, printers, several cellular phones and a whole host of other new electronic gadgets. Modern society requires people to continuously enlarge the basket of goods that are considered necessary to lead a "good life".
Marc Faber
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.
