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Mark Faber: US Banks should be rated Junk
Posted by: Dheeraj Grover (IP Logged)
Date: January 20, 2012 11:03PM

Mark Faber: US Bonds should be rated Junk

Marc Faber, editor and publisher of the Gloom, Boom and Doom Report, told CNBC, "Between 2000-2011 US debt has grown three times and the expansion of the debt will continue and what the official statistics don't show you are the un-funded liabilities that are growing at a much faster rate than the official deficit."

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