How geopolitical issues could derail the markets Aug. 13, 2014 - 5:56 - Philadelphia Trust Company CEO Mike Crofton and The Gloom, Boom & Doom Report editor Marc Faber give insight into geopolitical events and the markets.
“There has been some reaction [in Europe] but there hasn’t been much reaction in the U.S. yet,” Marc Faber says. “I think that geopolitical issues will become more important. At the present time what is dominating the geopolitical discussion is what is happening in the north of Iraq, ISIS and in the Gaza stretch and in Syria but it could spread out to Saudi Arabia. Because, don’t forget Saudi Arabia is a huge border with Iraq and also it could spread out into Turkey and then it obviously wouldn’t be very favorable for global trade.”
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.