Saturday, September 27, 2014
The Big Surprise will be that The Global Economy slows down and goes into Recession
"Their [American consumers] cost of living have gone up more than the salary increases, so they're getting squeezed. So that's why retailing is not doing particularly well." A real black swan event, would be a global recession. "The big surprise will be that the global economy slows down and goes into recession. And that will shock 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.
Posted by Nicole Bourbaki