Marc Faber on US Economy

Dr.Marc Faber is a well known investment analyst and entrepreneur. Faber is a regular speaker on the investment circuit, often in the financial press for his non-conformist viewpoint. Dr.Marc Faber concluded his monthly bulletin (June 2008) with the Following: "The federal government is sending each of us a $600 rebate.

If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India . If we purchase fruit and vegetables, it will go to Mexico, Honduras and Guatemala . If we purchase a good car it will go to Germany . If we purchase useless crap it will go to Taiwan and none of it will help the American economy.

The only way to keep that money here at home is to spend it on prostitutes and beer, since these are the only products still produced in US. I've been doing my part."

No comments: