Skip directly to about the five minute mark to hear Dr. Marc Faber talk about how it is "unimaginable" that the problems of the United States can be solved.
After that he uses the "D" word, but, since he had a smile on his face at the time, it's hard to really know how much conviction was behind that particular statement.
Tim Iacono
Iacono Research.com
Tim Iacono is the founder of Iacono Research which provides market commentary and investment advisory services specializing in macroeconomic analysis and commodity based investing. He also writes the popular blog The Mess That Greenspan Made.
