Marc Faber appeared on CNBC on July 16,2009. Marc Faber is expecting an “ultimate crisis” that will “clean the system.
“If you pump money into the system and you create large fiscal deficits, you create volatility,” Faber said.
“We’ve seen an intermediate low in March, we’ll rally for a year or so or maybe 18 months… the ultimate crisis will happen much later, and the ultimate crisis would clean the system,” (more)
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