Saturday, October 31, 2015
Marc Faber : Mad Professors at Central Banks Could Launch More QEs
"I always tell people I'm a great optimist," he told CNBC.
"I'm most gloomy about the prospects of the global economy, but it doesn't mean that markets will go down," Faber said, thanks to "mad professors at central banks" who could implement another round of quantitative easing in the near future.
"This region could grow at easily 6 to 8 percent per annum for the next 10 years, provided there is peace," he said.
But true to his character, he is cautious about the U.S.
"You could have zero interest rates and stocks go down," Faber said. "So even at these very low interest rates, something can happen and dampen the enthusiasm for equities."
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.