Economy Facing Growth Slowdown - CNBC 17 June 2010
Marc Faber the author of the gloom boom and doom report was interviwed by CNBC this 17 June 2010 : I think we are in a correction phase , we got over sold as of two weeks ago 10 days ago we're rebounding , I think we can go on the S&P to around this resistance level 1170 and then we will probably have a bad September October ...I wonder who amongst this table will buy now a Spanish bond for ten years at 4.91 percent ...Spain is about to issue 10 years and 30 years bonds , but Marc Faber does not seem bullish on them ...he says better be in equities at this point than in Spanish bonds...Marc Faber says he prefers Gold and Gold Shares
Marc Faber :"I think any government intervention has unintended consequences and is negative"
The global economy is likely to slow in the second half of the year, according to Steen Jakobsen from Limus Capital Partners. But that doesn't mean that stocks can't continue higher, Marc Faber of "The Gloom, Boom & Doom Report" told CNBC Thursday.
