Wednesday, February 10, 2010
In a must-read essay, Niall Ferguson slams the prevailing Keynesian consensus, and says that the sovereign debt crisis in Greece will spread to America:
What we in the western world are about to learn is that there is no such thing as a Keynesian free lunch...
US government debt is a safe haven the way pearl harbor was a safe haven in 1941.
And in a must-watch interview, Marc Faber says that the US, Europe and the entire developed world will default on their debt: