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  • Dr Faber's views on 2004 -- Economic Commentary by Marc Faber

    01/04/2004 8:22:23 AM PST · by arete · 210 replies · 812+ views
    ameinfo.com ^ | 1/3/04 | Dr. Marc Faber
    Dr Marc Faber's book 'Tomorrow's Gold' published just over a year ago was spectacularly correct in its predictions for 2003. This article updates his thoughts after another year in the financial markets. I remain convinced that the present 'strong' recovery phase in the US economy won't last for long, as it is totally artificial. There are simply too many imbalances in the system, as reflected by a record low national saving rate, record household debts, and record trade and current account deficits, for this recovery to lead to sustainable strong growth that would justify the present stock valuations. I have...