The art of economics consists in looking not merely at the immediate hut at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups—Henry Hazlitt
Monday, June 22, 2009
Marc Faber: Risk of Hyperinflation Is Very High
Marc Faber says that in 5-10 years, US inflation rates will hit 10-20%. And equities and real estate would perform better than US Treasuries.
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