Monday, January 5, 2015
Marc Faber : West is going Down
Marc Faber says developed world children will be the first generation in 200 years to have a lower standard of living than their parents. But he is optimistic about emerging markets.
Marc Faber : “I meant that with respect to western societies and Japan where essentially the younger people – today’s generation – will earn less than their parents and they will have less wealth than their parents, inflation adjusted.” “[This is] because we will have wealth taxes, we will have more estate taxes and we have essentially declining real median incomes in the western world and Japan.” 2014
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