Sep 26 2008
Marc Faber Says U.S. Credit Losses May Total $5 Trillion
Another sobering interview from Marc Faber. Marc was one of the few who predicted this mess was coming years ago, and he was laughed at by others supporting the mainstream view that all was well. Don’t buy the excuse “nobody saw this coming.” It’s folks like Faber who should be listened to for solutions to this crisis, not the boneheads who 1) didn’t have a clue it was coming; 2) participated in its creation; and 3) are now claiming to have all the answers for how to fix it when the fixes look more like a) what caused the problem; and b) that the FIX is in!
