Thursday, October 16, 2014
Europe is not Recovering ,it is Slowing Down
“Well I think it’s quite funny because everywhere you go, up to a little while ago, there was great optimism about this recovering global economy when in fact Europe is not recovering and in fact it is slowing down. In Asia and in other emerging economies we have a very meaningful slowdown in economic activity. I wouldn’t call all the emerging economies being in recession yet, but it’s just very little growth in present time in real terms and in some cases it has been a downturn, a meaningful downturn, like say in retail sales in Hong Kong or in Singapore…so I don’t believe that the global economy is healing, all that was in the context of massive interventions with fiscal and monetary measures by the authorizes.”"Europe is not recovering and in fact it is slowing down.” He went on to say, “In Asia and in other emerging economies we have a very meaningful slowdown in economic activity” and that “I don’t believe that the global economy is healing.”
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