Saturday, August 11, 2012

Marc Faber Warns The Australians : Tough Times Ahead

Noted international contrarian Marc Faber has turned his gaze of doom on Australia, warning of tough times ahead for the nation as China slows faster than expected and the domestic “housing bubble” bursts.
In an exclusive interview with The Australian, Dr Faber — the editor and publisher of the The Gloom, Boom & Doom Report — warned that a downturn in commodity prices as China slowed would have damaging consequences for the mining industry and economy of Australia.
Full Story: Dr Doom warns of tough times – theaustralian.com.au
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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.