Monday, January 16, 2012

Marc Faber's Black Swan Scenario for Europe

Marc Faber : I think what might move the market if some countries say we had enough. we exit the Euro. and if Greece starts that, it's not going to be a disaster. but if Greece, Portugal, Spain and Italy do it, then it will have a huge impact. but don't ask me exactly what the impact will be because if at the end of the day only strong countries are in the euro zone, maybe the euro will sink them. but huge problems will arise in the derivative market and obviously the countries that will be in the euro zone they will default - in CNBC

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