Thursday, July 23, 2015

Strong Deflationary Forces despite all the Money Printing by Central Banks


 Via CNBC :
"In the U.S., the market could easily drop 20 percent to 40 percent," he said. The downside risk is lower in already depressed markets outside the U.S., he added.
Faber has been predicting the meltdown of U.S. stocks for years, only to see the market climb higher.
Faber, who lives in Asia, said he sees "no growth" coming from the economies there, with some countries in recession. As a result, Faber does not see much strength coming from the rest of the world. He called the expansion in Europe "anemic."
The situation in Greece, where the nation is receiving bailouts to pay back borrowed money, is "basically Ponzi finance" that can't last, Faber said.
He's also concerned about the recent weakness in commodity prices.
"Supplies haven't gone up that much, and do not reflect the price weakness," he said. "The prices weakness is because of weak demand."
"May be this the signal that there are strong deflationary forces despite all the money printing by central banks," he added.

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.