Marc Faber, Sovereign Debt Default Crisis Next to Hit Global Economies
Economics /
Global Debt Crisis
Jan 16, 2010 - 12:49 AM GMT
By: Submissions
After every financial crisis there's a sovereign debt crisis, Marc Faber says. Countries that borrowed too much during the boom times start struggling to pay and service their debt.
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Comments
madhuradi
16 Jan 10, 06:50
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OECD countries
OECD countries print their own money and are AAA - So they are not forced by IMF to devalue their currencies So hyperinflation in these countries is offset by assumptions But we are in Unchartered territory now! For the first time in history, the fate of Untouchables is in the hands of non OECD countries. My view-Security council will decide next war ! Marc faber Rules!
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DolphinFilms
16 Jan 10, 06:50
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Marc
Marc is awesome. I love how he gives the doom (hyperinflation) and gloom (war... WW3?) scenario so matter-of-factly.
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jgrimsl1
16 Jan 10, 06:51
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price rises
food and other commodities (i.e. energy, metals) will rise in price. food will more than likely be first to rise because of all the resources needed to get it to the consumer and the demand for it, people will always need to eat. it might not happen this year but with in a couple of years its a sure thing. its hard to predict the future especially with the numbers of factors in play.
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linux2003
16 Jan 10, 06:51
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Hyperinflation
So. Hyperinflation is on the door step. What is first to go up this year? I've read reports on high food costs predictions.
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