Dr Doom Marc Faber has finally admitted that he does not expect a double dip recession. Now, this is a major major statement coming from the bear of bears. This is what he wrote in his blog: "I don`t think it will double dip for now, we are living in a global economy today and you have parts of the world that are relatively weak, like the US and Europe, although from the lows they have recovered somewhat. Than you have other parts of the world that are very strong, emerging economies, especially China and India. The big question is what will happen to that part of the world."
Three cheers to the economic economy.
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