Sunday, June 30, 2013

Marc Faber on Black Swan Event & Global Risks


Geopolitical conditions could deteriorate badly in the Middle East and Asia. America's reset toward Asia has alarmed the Chinese, who won't tolerate U.S. interference long term in the region. Then there's the possibility of a Black Swan event. If the S&P 500 drops 20%, the Fed will print more mone
y, so that's not a huge downside risk. But the bond market could collapse, inflation could accelerate, or the Chinese economy could implode. Or we could have a destabilizing political event, or a pandemic.

Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.

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