Tuesday, July 21, 2015

Faber : I don't believe that stocks are going down because of Greece



Marc Faber: Greece Is Basically Bankrupt , Gloom, Boom & Doom Report Editor Marc Faber weighs in on the Greek crisis. He speaks on “Market Makers.” (Source: Bloomberg)
“I don't believe that stocks are going down because of Greece,” he said in an interview with Bloomberg Television. “I believe that the market has been weakening internally for a long time." When asked about the situation in Greece, Faber said he saw a Greece agreement happening at the last minute. “But I don't think that's any positive because Greece is basically bankrupt,” he told Bloomberg TV. “The debt should be written down by 50% or more.”





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.

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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.