Wednesday, May 27, 2009

Faber: US will hyper inflate like Zimbabwe

May 27 (Bloomberg) -- The U.S. economy will enter "hyperinflation" approaching the levels in Zimbabwe because the Federal Reserve will be reluctant to raise interest rates, investor Marc Faber said. ... http://www.bloomberg.com/apps/news?pid=20603037&sid=avgZDYM6mTFA&refer=home

The economic crisis, he said, would be the harbinger of a period of instability and a "series of political crises". He added: "Forget the axis of evil; welcome to the axis of upheaval."

http://u.tv/News/Historian-Niall-Ferguson-warns-of-debt-calamity-threatening-the-west/abebdb68-4a31-402d-8cd4-a79d6d13ad19