Tuesday, June 16, 2015
The Global Economy Not Improving Anywhere
"When I look at the whole financial sector … I feel like [I'm] on the Titanic. We're fighting about deck chairs, [meaning] which assets are performing best and we're fighting over the best tables in the ballroom, but I think it's best to find your safety boat and ladder because I think the financial sector will implode one day,"
"All the central banks are so deep in the mud that, in my view, they will continue to essentially buy assets,"
"The prices have gone up so much that many cities in the U.S. and Europe are not affordable anymore. What people do is spend money, but they don't go out too often; they go out once a week or so."
"I don't see much of an economic improvement anywhere," Dr. Marc Faber said on CNBC's "Squawk Box." recently
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