We never really came out of the Recession in many different sectors of the economy

"Marc Faber : I think We never really came out of the Recession in many different sectors of the economy in some sectors we came out , and if you look at the world , the emerging world has continued to grow throughout the period 2008 up to today , there is a slowdown now occurring in emerging economies but the western world western Europe and the US there is hardly any growth and if you look back say 1999 to today the US as an economy macro-economically speaking is of course much worse off than in 1999 courtesy of the federal reserve I may add..."

at http://marcfaberchannel.blogspot.com/2011/08/we-never-really-came-out-of-recession.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MarcFaberBlog+%28Marc+Faber+Blog%29