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'Gloom, Boom & Doom Report' publisher Marc Faber weighs in on the U.S. elections and where to invest.
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-- -- those rather civilized let's go to our next guest is actually good follow up on all this he was quoted.
Recently saying he'd rather be shot -- to have to vote for either President Obama Mitt Romney in.
So which we don't want anything bad to happen to mark fob or.
The editor of the gloom.
Boom and doom report he joins us now by telephone and I know doctor -- that's not a choice you have to make because you don't live here in the United States I believe you're calling in today from.
Thailand but do those comments about our election.
What do you mean by that that our economy struggles matter who wins here in the US.
Yeah I think so I think they -- really structural problem.
And one of the problem eat too much government.
And that fault but it could go very -- very difficult to take entitlement that way.
I mean I think back override any on the right track.
But -- deep dish shaped just read it doesn't go far enough and -- did not.
And I think that after adult -- that basically that our government consume.
And -- borrowed money to do -- that.
And -- -- huge difference between borrowing money.
And building attacked very.
Buying machinery.
And employing people.
And borrowing to pay out entitlement that -- they're big -- current economic -- I think economy will stay very lucky of course he used so -- trillion dollar about the economy.
For a wireless eighteen -- But in the next page you have is throwing another trillion dollars.
Just -- -- contract.
And to grow you have to -- one point four trillion.
So -- very -- data problem so -- give us.
Your outlook of this follows up on -- what Peter was talked about -- -- again -- terms of when interest rates start to rise here the United States and what that means for investors here.
And if you don't like to invest here what do you like right now.
Well you are when interest rates are very right now I think.
That that we have just being that low interest rate and that's -- onward.
-- it will be an irregular but nevertheless uptrend.
On the market authority -- found.
The very eight year.
Our minority almost and and from the peak.
And though I think that what the Fed will be quite sort there'll be a -- that some states.
I don't think right now so where do you -- -- space Odyssey.
Based US stock market has outperformed.
Everything you know very successfully.
In the last eighteen -- And -- up there right near eight.
Off bad.
Eight true.
And other market in the world are near their low you know Edward say you look -- France.
Portugal Spain eight Cindy -- They have to do without the -- nine low or lower.
And that east big UA we're dead yet it it would that would be a big spread it is picked.
-- for the first time in my life I'm kind of interest -- European senator.
-- -- -- Interest in very interest and -- you talk more about Europe later in the hour mark Robert it's always excellent have a chance to talk to you take care thanks for --
