Friday, January 13, 2012

Marc Faber: Most banks are insolvent (10/01/2012)

In This interview with the German TV DAF dated 10 January 2012 (in German ) Dr. Marc Faber says that most banks are basically insolvent.That he likes stocks over bonds, thinks that the March lows won't be hit again, dislikes technology stocks and sees some 10% down potential. 2012 is going to be very volatile. When stocks fall, central banks will print money.

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