Sunday, May 27, 2012

Marc Faber : Guaranteed Global Recession by 2013

Marc Faber : I think what should happen I just mentioned a week ago namely that Greece and some other countries should exit the eurozone but what will happen is probably that Germany will show more flexibility and that eventually they will issue eurobonds and so the whole quality of the euro will diminish and that have already been reflected in the market place in the sense that the euro has been very weak and I happen to think that now the euro is on the oversold side and that it has the potential to rebound somewhat along with the stock markets in the world " says Marc Faber “I think we could have a global recession either in Q4 or early 2013. That’s a distinct possibility.”


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