Tuesday, September 20, 2011

Marc Faber Video Interview with NDTV - September 14, 2011

Marc Faber : ...Well I think it is pretty obvious to anyone except may be the Federal Reserve and the ECB and the IMF that the global economy has decelerated very considerably over the last three months already and I expect further weakness in the economic activity in the second half of this year and that basically the share market which had a huge rally between the end of 2008 and the low in March 2009 that carried the S&P from 666 to 1370 on May 2nd of this year that this bull market is over for now and that we are now in a bear market ....
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Dr. Marc Faber Tomorrow's Gold







Dr Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager.