Friday, August 31, 2012

Marc Faber : Investors do not Trust the System anymore

Marc Faber : The global economy is in the process of decelerating very significantly , and I at the present when you look at Asia there is no growth , and if Asia does not grow I do not think that the other regions are growing rapidly either , at the same time we have zero interest rates so as an investor you want to put all your money in cash at zero percent interest may be with an institution like MF Global so there is a risk in holding cash , I think a lot of investors are in equities in bonds and in gold and in real estate for the simple reason they do not trust the system anymore , they do not trust the market anymore and rightly so rightly so , there has been an incredible amount of abuse and manipulation particularly by the federal reserve - in Bloomberg Radio Interview
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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.