[www.wavetimes.com - Elliot Wave tips] Faber Says U.S. Would Be Rated Junk if It Were a Company -

 

Faber Says U.S. Would Be Rated Junk if It Were a Company by Gwen Robinson Recently by Marc Faber: The Frame of Mind of American Economic Policymakers   Marc Faber, publisher of the Gloom, Boom & Doom Report, talks with Bloomberg's Margaret Brennan about U.S. government debt and the nation's top Aaa rating. Faber also discusses Federal Reserve policy, China's economy and the real estate market. Faber stated if you add all the unfunded liabilities that US has, including the future liability of medicare, medicaid, and social security, US debt will be junk if the US is a corporation. Faber blamed the liberal use of credit in the private sector for the cause for the current crisis and he blamed the FED and US Treasury to use the public credit to make matters worse.   http://www.lewrockwell.com/faber/faber46.1.html           Best Regards   Hemang Shah    "Always Be Happy and make Others Happy"   k_hemangin@yahoo.co.in       Note : Please reply to this mail if you do not want to receive.

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