Marc Faber : "I think it is a discounting mechanism the markets has been going down because of these problems but not only that , I think the markets are also down because of a major economic slowdown in China "
"first of all this is a political decision by the European leaders whether Greece stays in the Eurozone by giving them more money or exit because they no long have access to credit as I said three or four years ago I think the best solution would be to kick out Greece but of course the politicians have a different view and as I just told you in my view the day Greece exists the Eurozone the markets will bottom out and rally "
- in NDTV interview
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Thursday, May 17, 2012
Germany to stay alone in the Eurozone
Marc Faber : well regardless whether Greece stays in the Eurozone or exit huge losses must be taken on the Greek debt and I think for Greece itself it would be better to exit the Eurozone followed by Italy and Spain and also France and then at the end you should have only one country in the Eurozone that's Germany
- in NDTV interview
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Click Here to watch the full interview>>>>
Greece : The Endgame
Marc Faber : Yes in the case of Greece we are close to the end game , and I think if Greece exited the Eurozone it will trigger short term market rally , the market is very concerned near term that basically the exit of Greece may be a solution , it may not be the best solution but it is a solution that we may have implemented already 5 years ago or three years ago and not now when the debt level is far higher - in NDTV interview
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Click Here to watch the full interview>>>>
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