Saturday, December 8, 2012

Marc Faber: The Dollar has a chance to actually appreciate

Marc Faber: There has been a divergence in the performance of emerging market currencies. Some have been strong and some have been weak and one has to look at each country individually. Some people say that natural gas in the US will be a game changer. Also, the US will become less energy self sufficient in 5 to 10 years time. If that is the case, I would argue that the dollar has a chance to actually appreciate, especially against emerging market currencies, but I have some reservations about this optimism. I think that natural gas and the increase in oil production in the US is just one plus factor for the US compared to many negative factors such as ObamaCare. - in ET Now


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