Tuesday, April 2, 2013

Marc Faber: Cyprus Style Deposit Confiscation Is Coming To the United States

Marc Faber, Gloom Boom & Doom Report, explains why he believes the rally could end badly this year. "I said either we would have a correction now and then, or no correction and a blow off like in '87 and what concerns me real willy is that most foreign marks have to form since January, emerging markets are down 10% European markets have grossly underperformed. in other words, the u.s. is the only game in town. each time there was only one game in town, and in 1997 to 2000 and commodities in 2008 and then emerging marks. I'm very cautious about the u.s. market and i think we can very well have the crash from the summer onward." said Marc Faber


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