“Too Many Ferraris” Says Marc Faber

Noted economist Marc Faber believes that there is too much opulence in a certain small % of the population and that the global economy needs to rest as he sees boom everywhere (he sees too many Ferraris!).

China will slow down further and there is a potential for the US economy to reverse a bit lowering tax revenues and causing Uncle Ben Bernanke to recrank the printing press (printing money to have the Federal Reserve buy the bonds from the US Treasury that others may not want). Here’s Marc:

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