just read gloomdoomboom (subscribe - it goes to charity - always...

just read gloomdoomboom (subscribe - it goes to charity - always a good read)

Faber is all about debt in his latest and points out that "real" US government debt-to-GDP is not 84% (Reinart and Rogoff country comparison) but around 600% (from: http://www.nowandfutures.com/index.html somewhere)

For Faber a drop on the S&P to around 950 will occur at some time in 2010 and with a weak Chinese economy this means a co-ordinated fiscal stimulus policy by cbs - so make sure you have your pm stocks sorted and ready to go like ctindale at that time!