Marc Faber about Zimbabwe School of Economics + GE and US bonds should be rated as junk

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Marc Faber on 2009.02.06 said, that there are now different schools of economy: Austrian school, monatarist, etc. but the most popular one now, the new Zimbabwe school of economy.

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Marc Faber on whether GE and US bonds should be rated as junk 2009.02.06

Marc Faber on 2009.02.06 said, that before shorting S&P500 he would like to see a rebound in market. He also mentioned, that GE bonds (and US bonds) should be rated as ‘junk’, but the main point is that the rating agencies were total failure in last few years and people should not pay attention to them.

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3 thoughts on “Marc Faber about Zimbabwe School of Economics + GE and US bonds should be rated as junk

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