This is Swiss economist Marc Faber. This clip is 11 minutes long but very much worth your time. It frightens me for our economic future.
Thursday, January 27, 2011
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4 comments:
How is it that two little tucked-away countries like Austria and Switzerland continue to produce people who get it and we continue to produce people who don't?
I've been watching this guy for about 3 years. He knows exactly what he is talking about and has been pretty accurate. Like you said - scary.
Moi,
It's because they have their own money and don't over spend. Hmmm....maybe there is a lesson there.
Tanaya,
Coming from a banker your comments are not "reassuring". Just sayin.
Didn't Sweden also have a similar crisis in the 1980/1990's? A real estate and financial bubble formed and created one of the worse economic crisis since the 1930's?
(I'm reading Girl with the Dragon Tattoo and that's what prompted this comment.)
I like Marc Faber and thanks for the clip.
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