I regularly read the blogs of many economic commentators, one of whom is Mark Faber. His latest video post sums up his opinion of where things are going in the world in the next 6 or 7 years:
http://www.youtube.com/watch?feature=player_embedded&v=S1JMzo1Hl7A#!
Now I realise his view tends to be more pesimistic than others, but if I were to be put on the spot, I would have to concede that he points out the most likely way things are going to turn out in the medium term.
He sees the rise of China and the continuing decling of the US.
He sees the splitting up of the Eurozone in 3-5 years.
He sees massive inflation and continued money printing.
He sees continuing decline in the living standards of the middle classes.
What do you think of his predictions?
http://www.youtube.com/watch?feature=player_embedded&v=S1JMzo1Hl7A#!
Now I realise his view tends to be more pesimistic than others, but if I were to be put on the spot, I would have to concede that he points out the most likely way things are going to turn out in the medium term.
He sees the rise of China and the continuing decling of the US.
He sees the splitting up of the Eurozone in 3-5 years.
He sees massive inflation and continued money printing.
He sees continuing decline in the living standards of the middle classes.
What do you think of his predictions?