Friday, June 22, 2012

Marc Faber: The Economy is Slowing Down Worldwide

Marc Faber : Stock markets around the world have given a very clear indication that not all is well in the global economy. As you said Europe is in a recession. In the US there is hardly any growth. If you look at all this data you have to assume that the slowdown is more pronounced. My personal observation is that presently there is no growth in Asia. It does not mean that we are in a depression, we had a boom and now we are no longer growing. It is just flat, but that is reflected in equity prices and I think a lot of corporate profits will begin to disappoint. - in ET Now 21 June 2012
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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.