Marc Faber interview by The Financial Survival Network - 13.Apr.2012 , ".....the west is in decline says Dr. Mark Faber : not specifically the US but the entire western world is in relative decline compared to nations that have young populations growing populations and plenty of energy and drive , in the west we are an aging society that has become accustomed to wealth , we have grown in the last 30 years principally because of a rapid expansion of credit consumer debt mortgage debt and that has allowed people to live way beyond their expectations and beyond their means so there will be a payback time ..." says Marc Faber
Friday, April 13, 2012
Marc Faber FOX Business Network exclusive Interview - 13 Apr 2012
Marc Faber : We are in a Worse Position Than in 2008 and in 2009 : Investment analyst and entrepreneur Marc Faber spoke with FOX Business Network’s (FBN) Liz Claman about the health of the global economy saying 'over the last few months, the market has acted very badly', and predicted this is indicative of 'the beginning of a downward trend'. we can easily see a 10 to 15 percent correction in the markets says Dr Doom Marc Faber
On the health of the global economy
'Over the last few months, the market has acted very badly. There are less new hires, the volume has dried out, insider sales have picked up, and this is the beginning of a downward trend. We may easily have a correction of 10-20% here. Most stocks are already down 10% from their highs. Markets have more than doubled from the lows in 2009. The global economy has actually deteriorated. 'It has optically improved because of huge government spending but in principle we are in a worse position today than we were in 2008 and 2009. There will be more money printing and if your are hyper bearish, maybe you are better off in equities than you are in government bonds and cash. I also advocate to own some gold'. - Source: Fox Business Network
On the health of the global economy
'Over the last few months, the market has acted very badly. There are less new hires, the volume has dried out, insider sales have picked up, and this is the beginning of a downward trend. We may easily have a correction of 10-20% here. Most stocks are already down 10% from their highs. Markets have more than doubled from the lows in 2009. The global economy has actually deteriorated. 'It has optically improved because of huge government spending but in principle we are in a worse position today than we were in 2008 and 2009. There will be more money printing and if your are hyper bearish, maybe you are better off in equities than you are in government bonds and cash. I also advocate to own some gold'. - Source: Fox Business Network
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