Marc Faber is not an optimist about the euro. He believes that overall, the USA economy is in better shape than the European economy. The results of the money printing in USA are good in terms of reviving and putting the housing bottom. That improves the economy there. According to some other experts, the USA economy stands now at the best place among the biggest developed nations (Europe, Japan), no wonder the USD is going up compared to the EUR and JPY.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 29, 2012
Marc Faber on China
According to Marc Faber, the Chinese economy is weaker than perceived and is slowing fast. He is not sure if China will crash or just have a big correction but we must be careful, said the author of the Gloom Boom and Doom report.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
February 25, 2012
Marc Faber: Western Standard of Living Won't Recover
Economist Marc Faber, publisher of The Gloom, Boom and Doom report, believes that will not recover, let alone rise. The debts everywhere are too much. There is no option to keep the system going without printing money and adding stimulus packages. He thinks that there will be an "Economic Armageddon", and the total collapse of the system will come one day. People will realize that their standard of living don't go up and one day governments will go to war. Once capitalism collapse, there will be a currency reform, all USD will be converted to some new currency. So far, the USD lost 95% since the FED was formed.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
Marc Faber is a great contrarian investor and publisher of the Gloom Boom & Doom Report. He is well known for his accurace predictions of stock market crashes and other correct calls on different investment assets.
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