... the US are relatively expensive by any valuation metric. - TopicsExpress



          

... the US are relatively expensive by any valuation metric. However, at around $1250, gold is a buy, Faber adds on the basis of the ongoing monetization of debt globally. The debt ceiling debacle will lead to the Fed stepping up to directly fund the government (something it already implicitly does but mainstream media prefer not to consider). Faber clarifies the idiocy of the discussions, both parties want to spend, its just on different things, with the idiocies of government having grown way too large, wasting money everywhere... the Democrats are buying votes and the Republicans funding the military complex. The debt-ceiling is merely a symptom of the problem, Faber concludes, that government has grown disproportionately large and that retards economic growth.
Posted on: Tue, 15 Oct 2013 06:38:59 +0000

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