'Very Muted Growth' Coming for Next 10 Years: Faber
"Both the U.S. and Europe are facing a decade of slow growth brought on primarily by the blunders of central banks, noted doomsayer Marc Faber said. Investors should protect themselves by buying plenty of physical gold and putting it in a secure location, preferably outside the U.S., the author of the Gloom, Boom and Doom newsletter told CNBC. "'If I look at the politicians both in Europe and the U.S., I don't think that prospect (for growth) is very good,' he said. 'If I also look at the entitlement system and the government expenditures and the fiscal deficits and the debt overhang, I think for the next 10 years we'll have very muted growth in the Western world and standards of living for the average household will continue to decline." – CNBC
Dominant Social Theme: Doom and gloomer Marc Faber is wrong about the economy by suggesting 10 years of depression. He is also fear mongering by even suggesting Americans should store gold outside the United States. We need regulations to end extreme rhetoric designed to spook investors out of US investments as well as "hate crime" language blaming our economic problems on the Federal Reserve.