Marc Faber Forecasts for the Global Economy - Video Presentation

Thursday, August 23, 2012

Marc Faber Forecasts for the Global Economy - Video Presentation

Marc Faber's forecasts for the global economy " ...In 1970 there was not a single investment bank that was a public company All of them were private partnerships (, and this is very important to understand , if you have a private partnership the risk profile or the risk that the partners will take are of course of a different nature than if you play with other people's money , and so the whole culture of investment business has changed enormously whereas a partner was liable with all his assets , today essentially if you are running a bank or a hedge fund and you go bust essentially that does not hurt you ..." says Marc Faber

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.