Thursday, December 16, 2010

Marc Faber : the Republicans dont want to increase taxation, and the Democrats don't want to cut spending

MARC FABER: "....I think increasingly, investors begin to realize that between the Republicans and the Democrats, the Republicans don't want to increase taxation, and the Democrats don't want to cut spending. And so the deficit in my opinion will stay above $1 trillion for as far as the eye can see...."

Marc Faber outlook for 2011 - an Interview in German

Marc Faber in Cash.ch am 28.11.2010: Ausblick 2011

sorry I do not have the translation / or subtitles in English :
Marc Faber in Cash.ch am 28.11.2010: Ausblick 2011

Labels:Marc Faber Dr. Doom
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Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.