Tuesday, May 5, 2015
Faber : I don't think the Fed will increase Interest Rates
I personally don't think that the US Fed will increase rates as the economy in the last six months has been relatively weak. There isn't much momentum. Secondly, given the US dollar strength until recently, I don't think that the US Fed would wish to have a stronger dollar.
The US Fed has always remained data dependent. If the data is not so favourable, they are not going to increase rates. Now they may increase rates symbolically, say, by an eighth of a per cent in the hope of gaining some credibility. I think that the economy will continue to be weak, and therefore, no rate increase will happen this year.
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.
Dr. Marc Faber Tomorrow's Gold
Dr. Marc Faber author of the Gloom, Boom and Doom report is a world class Investor, Doctor Faber 's typically controversial and contrarian views have earned him the label of Dr. Doom. Doctor Doom also trades currencies and commodity futures like Gold Natural Gas and Crude Oil.Even his harshest critics must admit that he's been unerringly correct in his market forecasts over the past three decades . Marc Faber is a Swiss investor.He was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a PhD in Economics magna cum laude. Between 1970 and 1978, Dr Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, which acts as an investment advisor and fund manager. Faber is publisher of the Gloom Boom & Doom Report newsletter and is the director of Marc Faber Ltd which acts as an investment advisor and fund manager.