Sunday, March 6, 2016

Marc Faber: Selloff is an appetizer for something bigger

'Gloom, Boom & Doom Report' Publisher Marc Faber provides insight into the global market selloff.

“It could be worse… what we’re seeing here is just an appetizer of something larger,” he told the FOX Business Network’s Trish Regan.

“My sense is that many policies that were implemented- in particular zero interest rates and more recently negative interest rates- are rather negative for asset markets than positive,” he explained. “They create a lot of uncertainty in investors’ minds and we have statistics on all the countries that have introduced negative interest rates. In all these countries actually the savings rate went up.”

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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