Marc Faber : I don't think the economy is recovering at all, says Marc Faber, The Gloom, Boom & Doom Report, explaining why he thinks there's more pain ahead for the economy, and why stocks and bonds will go down at the same time.
"The most under-appreciated asset is cash," even though investors won't earn any money and will actually lose money in the long-term because of Federal Reserve-induced dollar depreciation, Faber said.
"For the next six months, maybe cash is the most attractive." He also cited the crisis in Ukraine among the geopolitical problems that serve as a negative for the financial markets.
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.