Dr Marc Faber says U.S already in recession.

Money Marketing cites economist Dr Marc Faber, who says the U.S economy is already
in recession. Faber notes the sub-prime crisis and falling residential prices.
He says that a synchronised global bust could be rather unpleasant. The Swiss-born
economist is the author of the "Gloom,Boom and Doom" report. Dr Faber is famous for his calls on markets.