Guru - Marc Faber: We'll soon see inflation of 10%

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Marc Faber: We'll soon see inflation of 10% - 20%

Friday, June 26, 2009
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From Newsmax:

Contrarian guru Marc Faber predicts we'll soon see inflation of 10 to 20 percent.

The numbers will rise so fast because the government "massively" understates the country's inflation rate, Faber said.

To get a true reading he advises ditching core inflation numbers, including the Consumer Price Index.

"It's a lie what they publish," Faber told CNBC.

Read full article...

More from Marc Faber:

Marc Faber: "The U.S. gov't for sure will go bust"

Marc Faber: "Gov't bond market is a disaster waiting to happen"

Investment legend Marc Faber "100% sure that the U.S. will go into hyper inflation"

Topics:		Guru \| Inflation \| Boondoggle

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