Marc Faber : The West needs a Serious Recession

"I would put up interest rates," Dr. Marc Faber declares.

"It's not politically correct to say it, but for the social system of the Western world and for capitalism a serious recession would be desirable, because the financial sector as a percentage of the economy is still too big."

Read more: http://www.afr.com/markets/dr-marc-faber-says-the-west-needs-a-serious-recession-20161027-gsc60i#ixzz4OIPus2w6






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.