Faber: US, Europe Getting Closer to Revolution
alexoscarew | November 19, 2012 at 12:20 pmby
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Key talking points:
- Borrowing for consumption purposes is counterproductive, borrowing for infrastructure can be a good thing.
- Within 5-10 years the [Western] “system breaks”.
- Asian crisis was unlike next Western one will be, due to “new Keynesian” response.
- Most Fed members make Bernanke “look like a hawk”