Inflation has come to America

Marc Faber : “Twenty years ago, ... [a family] spent its income on housing, clothing, food appliances, cars, a radio and a TV. Today, it will spend additional money on a DVD player, computers, fax machines, printers, several cellular phones and a whole host of other new electronic gadgets...modern society requires people to continuously enlarge the 'basket of goods' that are considered necessary to lead a 'good life.'”
Contrarian Investor Dr.Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.