Friday, June 24, 2016
#Brexit good for The Financial Markets and for Britain
Marc Faber : “The future of the world, economically, is in Asia—India, China, Indonesia and the other Southeast Asian and Indo-Chinese countries and emerging economies,” Faber told Fox Business Network.
“The Western world, relative to emerging economies, is diminishing in terms of importance — also politically and geopolitically.”
“An exit would be good for Britain, and it would not destroy the financial markets, quite on the contrary,” he said. “I think if Britain decided to leave the EU the stock market would rally and the British pound would rally.”
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