Thursday, January 26, 2012

Marc Faber on the derivatives bubble

Marc Faber was asked about the risk of seeing another flash crash in the market : " Well I do not think it is regulated , my concern is no so much about the stock market going down one day by 500 points , the real crash would be like on October 1987 when the market dropped by 21 percent in one day , my concern is more , we have essentially an economic system where the financial sector has grown disproportionally large than the real economy so in other words the economy may be a square mile and on top of that you pile up derivatives and all kind of instruments that are thousands of square miles and one day this whole derivatives bubble will burst - in This Week in Money
Click Here for the full interview>>>>>>
Bookmark and Share

Dr. Marc Faber Tomorrow's Gold





Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades
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.