Friday, October 28, 2016
Marc Faber : The Financial Sector is still too big
What would famed investment thinker and trenchant central bank critic Dr Marc Faber do if he were put in the top job at one of the world's big central banks?
"I would put up interest rates," he declares.
"It's not politically correct to say it, but for the social system of the Western world and for capitalism a serious recession would be desirable, because the financial sector as a percentage of the economy is still too big."
Read more: http://www.afr.com/markets/dr-marc-faber-says-the-west-needs-a-serious-recession-20161027-gsc60i#ixzz4OO0FvZRc
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