Thursday, October 21, 2010

Currency War Can Be Solved With U.S. Austerity, Faber Says

From Bloomberg

“The currency war can be solved one way: with austerity in the U.S.,” Faber told reporters at a Russian investment conference today in London. “The U.S. needs to redirect the economy to R&D, education and infrastructure expenditure, but instead they want to get spending going again.”

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