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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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.