Friday, October 16, 2015

Marc Faber on Greece Doom & Gloom

Marc Faber Best Scenario Is For Greece To Leave The EU

“I think the best outcome would be for Greece to leave the EU, and to reintroduce the drachma,” he said. Faber said he believes there is a slim chance the scenario would actually occur. “It will probably not happen for political reasons… eventually the EU and the International Monetary Fund and all these clowns in these financial institutions will work out the deal,” said Faber. “But even if the deal is worked out, I don’t think that market will react that positively.” When asked if the crisis in Greece could lead to a global recession, Faber told FOX Business Network’s Adam Shapiro: “I do not believe that Greece would cause a global recession, but it may be a catalyst for a more serious market decline.”

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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