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.
Posted by Nicole Bourbaki