Marc Faber: Odds of World heading into Global Recession by 2013 is 100% certainty (Aug 24, 2012)
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There's still a 100 percent chance the world heads into recession, Marc Faber, publisher of "The Gloom, Boom & Doom Report," told CNBC's "Closing Bell" on Thursday, echoing a call he made in May. When you look at the major economies, Europe, the U.S., China and the emerging markets that are dependent on China for growth, Faber, aka Dr. Doom, only sees weakness. "Europe is already in recession," he said. "Germany is still growing very, very slightly, but is likely to go into recession soon." Growth in the U.S. is also falling off. "The U.S. economy has decelerated and I don't see much growth in the next six to 12 months," Faber said. There's also little the Federal Reserve and other policy makers can do to turn the U.S. economy around. "I think that if you look at the injection of liquidity and the intervention by the Federal Reserve and the Treasury with fiscal measures, it has already impoverished the U.S. economy," he said. It would take "massive easing, a huge balance sheet expansion," to boost economic activity in the U.S., according to Faber. Faber also doesn't expect much change in the U.S.'s finances regardless of who wins the election in November. "The deficit is $1.3 trillion and, in my view, will go up," he cautioned. http://finance.yahoo.com/news/marc-faber-odds-global-recession-200854469.html
Comments
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Daniel 11:32 Those who do wickedly against the covenant he shall corrupt with flattery; but the people who know their God shall be strong, and carry out great exploits. Daniel 11:31-33 (in Context) Daniel 11 (Whole Chapter) Other Translations
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Revelation 2:17 “He who has an ear, let him hear what the Spirit says to the churches. To him who overcomes I will give some of the hidden manna to eat. And I will give him a white stone, and on the stone a new name written which no one knows except him who receives it.”’ Revelation 2:16-18 (in Context) Revelation 2 (Whole Chapter) Other Translations
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The bible has only one very small sentence....but it says that God will provide some hidden manna and would give a little help during this time....but also that His people would do great exploits I pray for the hidde manna to feed our children....we have small children and worrie for them
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The USa is kaput......bit off more than it could chew......and was runs by idiots for so long it is simply insane.....
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We will soon see friend.
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This is old news, the World is already in Global Recession and this report was back in the early part of July? The only ones that are not saying that, is the rich, Media and all Goverments!
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What is it to you if he believes in Christ!? You're as bad as the christians who try to push Christ on non-believing people. Find another channel to troll on!
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