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Vendot · 10-22-2008, 01:46 PM

http://www.bloomberg.com/avp/avp.htm...aa_X2YsZVk.asf

Faber says yes but the fact is that America is still the worlds largest economy (by a long way) and the worlds largest consumer. So emerging markets have a real incentive to keep America going.

I cant see them pulling the plug until theyre totally independent and can produce decent inflows from other markets aswell as domestic markets. Hopefully by then, Obama will already have made progress and some inroads into paying off debt.

Notice how the interviewer kind of condescendingly rubbishes his comment about america going bankrupt.....

10-22-2008, 01:46 PM
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Marc Faber reckons it will.... http://www.bloomberg.com/avp/avp.htm...aa_X2YsZVk.asf Faber says yes but the fact is that America is still the worlds largest economy (by a long way) and the worlds largest consumer. So emerging markets have a real incentive to keep America going. I cant see them pulling the plug until theyre totally independent and can produce decent inflows from other markets aswell as domestic markets. Hopefully by then, Obama will already have made progress and some inroads into paying off debt. Notice how the interviewer kind of condescendingly rubbishes his comment about america going bankrupt..... Last edited by Vendot; 10-22-2008 at 01:47 PM..