"I would rather build up cash positions and eventually invest in the euro," said Faber. "I think the euro is attractive and fairly priced. I think European stocks are also relatively attractive."
"The U.S. has run a deficit for [so long]," he recently told CNBC. "The conditions today are more fragile than they were ever before, and unless somebody comes and introduces minus 5 percent interest rates, I think the economy is really not in such a great shape."
"I'm actually amazed that people are so optimistic," the editor and publisher of the "Gloom, Boom & Doom Report" added.
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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