Marc Faber, publisher of the Gloom Boom & Doom Report,
is well known for his ultra-bearish commentary. But according to the good folks
at BI he's not without reason.
In a new presentation given in Hong Kong to the London
Bullion Market Association, Faber offered 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.....
Read more:
http://www.businessinsider.com/marc-faber-lbma-presentation-2012-11?op=1#ixzz2D85pNXwQ
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