The fiscal cliff talk is nonsense, says Marc Faber, arguing it means minor tax hikes in 5 years...

|By:, SA News Editor

The fiscal cliff talk is nonsense, says Marc Faber, arguing it means minor tax hikes in 5 years and spending cuts in 100 years. Stocks are going down and will continue to do so, he says, because corporate profits are disappointing and the global economy is stagnating at best.