Faber says: The economy is not recovering. I have been saying that all along. The statistics are distorted by the Ministry of Truth. And now we have to deal with:
1. Geopolitical problems in the Ukraine and the East China Sea.
2. A 30% increase in total credit since 2008 — government, corporate, and consumer debt included.
3. Nobody in the US can deny that all prices are up. Especially for energy, food and insurance.