Skip to comments.FABER: 44 Charts That Show Why The World Is Doomed
Posted on 11/24/2012 6:46:04 AM PST by daniel1212
Marc Faber, publisher of the Gloom Boom & Doom Report, is well known for his ultra-bearish commentary. But he's not without reason. In a new presentation given in Hong Kong to the London Bullion Market Association, Faber offers a thick stack of 44 charts that makes him very bearish on the global economy (via ZeroHedge). They include overviews of the emerging and evolving trends on debt, trade, stocks and commodities.
Faber points to the explosion of public and private debt and how they have been far outpacing GDP growth for the last 50 years. In this backdrop, the wealth gap between younger and older Americans have been widening. Overseas, China has seen its economy boom on expansionary monetary policy, which has turned the world's second largest economy into a giant credit bubble. Considering all this, he offers two investment strategies: "aggressively shifting from one asset class to another" or "achieving safety though diversification.
(Excerpt) Read more at businessinsider.com ...
We have forgotten that some mothers will even eat their children if desperate enough, but the faithful born again seed of the Lord Jesus will not beg bread for themselves, to God be the thanks and glory. But the US needs a Joseph.
outstanding post, real find, thanks
I thought we had a joseph in Paul Ryan.