Marc Faber News Blog Investments and Trading Ideas - A Tracking Blog About Dr. Gloom Boom & Doom Marc Faber , Daily Tracking of Dr. Marc Faber Investment Strategy , Market analysis , Outlook & Media appearances
Saturday, July 19, 2014
I don’t see The Global Economy strengthening, I see it weakening
You recently stated [to CNBC] that the global economy isn’t strengthening, but weakening. Where are the trouble spots?
When I travel and look around economies, I don’t see the global economy
strengthening, I see it weakening. In Asia, we don’t have a recession
per se, it is just economic growth has slowed down meaningfully or there
is no growth at all .
We are now in the fifth year of an economic recovery which began in June
2009 in the U.S. and we’re more than in the fifth year of a bull market
that began on March 6, 2009. This is a very mature economic
recovery...it would seem to me that the monetary policies that central
banks pursue are negative for economic growth, but they are positive for
asset price increases. As a result of asset price increases, lots of
goods have become unaffordable for the typical household.- in MarketWatch
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.