Marc Faber: The Economy is Slowing Down Worldwide

Marc Faber : Stock markets around the world have given a very clear indication that not all is well in the global economy. As you said Europe is in a recession. In the US there is hardly any growth. If you look at all this data you have to assume that the slowdown is more pronounced. My personal observation is that presently there is no growth in Asia. It does not mean that we are in a depression, we had a boom and now we are no longer growing. It is just flat, but that is reflected in equity prices and I think a lot of corporate profits will begin to disappoint. - in ET Now 21 June 2012