Saturday, July 14, 2012

Marc Faber : The Economic Situation in the US worse than 10 years ago

Marc Faber : ...well very clearly compared to say ten , twelve years ago the financial condition of the US has deteriorated because A the medium household have lost money and B the real income are down for the majority of people in other words the medium household income is down and the debt level and as I just mentioned the unfunded liabilities are up very substantially - in a Slovak Radio interview 

1 comment:

  1. That statement is so very right. Their was a budget surplus ten years ago today the federal budget shortfall of the US is one in a half trillion dollars.