Friday, April 20, 2012
Marc Faber Interview with ABC Australia - April 9, 2012
MARC FABER: Well I mean right now the US stock market is outperforming other markets. But I think that in the US the fiscal deficit is a huge problem to which there are hardly any solutions, for the simple reason that the Democrats want to spend and the Republicans also want to spend. And nobody really wants to increase taxation. And so the deficit will in my opinion continue to increase and will necessitate money printing, but it may not lift economic activity. The second source of uncertainty is really what will happen in China. They have different views. Most economists will say well we'll have a soft landing and so forth. But I've been working in the investment business for 40 years. All the time I've heard about soft landing and no recessions and no crashes and no panics and so forth and so on. So who knows, maybe the Chinese economy will de-accelerate more rapidly than is generally expected and possibly even crash, in which case it would have a huge impact on economic activity around the world.
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.
HORRIFIC New Studies on GMOs, You are eating this stuff!! - Several New Studies on GMO's shows just how toxic they are, On July 24th, 2013... [[ This is a content summary only. Visit http://www.financearmageddon.b...33 minutes ago
Jim Rogers Joins Board of Directors of FAB Universal - by Business Wirevia The Motley Fool Jun 17th 2013... This is an excerpt only please visit http://www.JimRogersInvestments.com for the full story , Thank Yo...13 hours ago
Roubini & Ian Bremmer : we are living in a G-Zero world - Adding to the volatility, we’re living in a G-Zero world,... [[ This is a content summary only. Visit my website : www.nourielroubini.blogspot.com for full...13 hours ago
Robert Kiyosaki : When times are really bad is when times are about to get really good. Strive on. - Robert Kiyosaki : When times are really bad is when times are about to get... [[ This is a content summary only. Visit www.figanews.com for The full Story ]]1 day ago