Marc Faber: US Needs as Much as $5 Trillion Financial Rescue

by mtippett | September 26, 2008 at 02:45 pm
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The news is not getting any better...

Swiss investor Marc Faber, known for a long track record of good calls (he was a commodities bull until late this spring, for instance, when he reversed his view) and a fine grasp of financial markets history, confirms the estimate earlier in the week by Ken Ohmae that the US needs a salvage operation much bigger than the one envisaged by the Treasury plan, and the damage may come to $5 trillion

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