Saturday, September 8, 2012

there has been a very significant Economic Slowdown Globally in Real Terms

Marc Faber : I like the question, are we in a slowdown? there has been a very significant economic slowdown globally in real terms. we are in recession in Europe. we have hardly any growth if it was measured properly in the u.s., and in Asia, I'm not saying we're in a slump, but we have a tremendous recovery, 2009 to 2011, and just over the last six months the Asian economies have come off the peak. in other words, we have high economic activity but in my view no longer any growth in Asia. - in CNBC The Call 06 Sept 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.