Marc Faber sounds off

Agree with his analysis that we will see massive debt, spiraling double digit inflation, devaluation in U.S Dollar, lowering of American living standards in the near future.

“The future will be a total disaster, with a collapse of our capitalistic system as we know it today, wars, massive government debt defaults and the impoverishment of large segments of Western society,” Marc Faber writes in the September issue of The Gloom, Boom & Doom Report.

A statement like that pretty much speaks for itself, but it’s a bit more complicated than appears on first blush.

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Moody: Home Prices won’t return to peak for another decade

According to Moody’s, only a handful of states, most of which never participated in the bubble in the first place — the Dakotas, Iowa, Montana, Wyoming, Nebraska, Kansas, Alaska, Alabama, Pennsylvania, Maine and Vermont — will be back at the home-price peaks before 2014. The bulk of the country won’t see those 2006 home prices again until 2014-17.

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