On mainstream media? Wow! Marc Faber is actually calling on a cut of the government by 50% and saying that we will watch the economy revive. He talks about this around the 7:25 mark and he actually states that it would bounce back rapidly, in fact around 3 days or so!
Trillion dollar deficits as far as the eye can see.
Marc Faber on Squawk Box Monday morning. Among the many highlights, Andrew Sorkin gets smacked down like the punk that he is (8-minute mark).
“My medicine for the U.S. is simple: Reduce government by a minimum of 50 percent. The impact would be immediately an improvement in the economy.”
“I think the deficit in the U.S. — irrespective of who is in the White House — will stay above one trillion dollars per annum for at least as far as the eye can see.”
“Eventually, you have either huge changes occurring in a peaceful fashion through reforms, or, usually, through revolutions. The U.S. is getting closer to such a revolution as is Europe.”
“I think here we’re going to go down 20 percent from the recent top at 1,470. The technical position of the market is poor and the corporate earnings are worsening.”