Wednesday, November 2, 2016
Marc Faber: Asian Demand to Push Oil Price past $70
"This combination of infrastructure in emerging economies and infrastructure spending in the developed economies of the U.S. and Europe, in my opinion, will mean that inflation will actually surprise on the upside," Dr. Marc Faber told CNBC's "Street Signs,"
"The need for infrastructure in Asia is huge. They have to build roads. You go to Jakarta, Manila, the infrastructure is a catastrophe," Marc Faber recently told CNBC. "You cannot ship that many people by airplanes. There's no space,"
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