Faber: US, Europe Getting Closer to Revolution

Read More: http://newsdoors.blogspot.com/2012/11/faber-us-europe-getting-closer-to.html

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”

Read More: http://newsdoors.blogspot.com/2012/11/faber-us-europe-getting-closer-to.html