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Dr Marc Faber of the Gloom Boom and Doom report is said to be moderately positive about Australia for years thanks to the resources boom but is now concerned of a huge credit bubble on the household level. These debts will be a burden for years to come.
Once you are so heavily indebted, then obviously your consumption will grow at a slower pace. Source: http://DrMarcFaber.blogspot.com Share: Tweet Marc Faber appears on Bloomberg TV where he discusses misallocation of assets and the recent price action of gold and silver. Bubbles and Bubbles are being created.
- Source, Bloomberg TV:
Share: Tweet The Marc Faber Blog: Videos, Articles, and SummariesThe Marc Faber Video Blog features articles and videos from Marc Faber. A summary of each video is also provided. This page is updated with Marc Faber's investment advice and commentary on stock recommendations, the global financial markets, and the economy. |
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