Saturday, May 31, 2014

A 20% Market Collapse is coming

“I don’t regard this as a very healthy market,” Faber told CNBC on Thursday from Singapore. “The U.S. market is in a very dicey position where it could easily drop 10, 20 percent.” He added that some stocks have already declined by these percentages, such as technology and biotech shares. “I think we are bracing for a general asset deflation,” Faber said. “I think the system is still very vulnerable. I’m not predicting a complete collapse because money printing can go on almost endlessly but it will have…unintended consequences.”


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Dr. Marc Faber Tomorrow's Gold







Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.