Lelde Smits: Now Marc you have also predicted equity markets are overdue for a correction of between 20 to 30 per cent. Over what time frame are you expecting this to play out?
Marc Faber: I think this year will probably have a market correction that is more meaningful in the US. We already have this 20 to 30 per cent correction in emerging economies stock markets, but it hasn’t happened yet in the US. So what you have is essentially the US marching up and emerging markets moving down and I think a significant adjustment in the US is likely to start this year.- in Finance News Network Australia
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.