Tuesday, April 2, 2013
Marc Faber : My concern is that we will have a Systemic Crisis
The Fed has been printing so much money it does not flow evenly through the sysyem.Bubbles are created and Marc is concerned about a systemic crisis approaching.
Marc Faber : “I was relatively positive about U.S. stocks since March 2009,” Faber said. “I haven’t any short positions. I haven’t been shorting any stocks since 2009. But the U.S. marches up , consumer confidence marches down, and emerging markets are performing badly relative to the U.S. The dollar is strong indicating a tightening of international liquidity. And so I don’t think that the U.S. market will go up a lot from here I rather think that there’s now considerable downside risk.”“My concern is that we will have a systemic crisis where it’s going to be very difficult to hide, even in gold it will be difficult to hide,”