Monday, November 5, 2012

Marc Faber : we will have a Systemic Crisis and Everything will Collapse

Marc Faber : Over the next five years or so, we will witness slow growth or no-growth in Europe, coupled with continuing drop in the standard of living, both in the US and Europe.

This will require money pumping or printing of money to support economies. However, a large part of this will flow into assets and erode cost of living.

So, in the interim, we will have assets prices moving up, but I would say in the long term, we will have far better opportunities compared to today.

But I believe eventually we will have a systemic crisis and everything will collapse. That I think will provide better opportunity to invest. - in Business Standard

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