"Nobody knows for sure" what will cause stocks to collapse, but "the
earnings may disappoint. We had, essentially, very poor sales from
McDonald's. Now, McDonald's is a very good indicator of the global
economy. If McDonald's doesn't increase its sales, it tells you that the
monetary policies have largely failed in the sense that prices are
going up more than disposable income, and so people have less purchasing
power."
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
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