“If the U.S. Government was a company, the deficit would be $5 trillion because they would have to account by general accepted accounting principles. But actually they encourage government spending, reckless government spending, because the government can issue Treasury bills at extremely low interest rates.” IfsGovernmentWould BeInterestCompanyPrinciplesIssuesLowsAccountsBillsRateSpendingAcceptedDeficitRecklessAccountingTreasuryInterest RateGovernment SpendingUs TreasuryTreasury Bill Author:Marc Faber
“As an observer of markets - whenever everyone focuses on one thing - like Greece and Europe - maybe they miss issues that are far more important - such as a meaningful slowdown in India and China.” ImportantIssuesOne ThingMissingEuropeIndiaChinaMeaningfulObserversGreece Author:Marc Faber
