Friday, November 25, 2016

Marc Faber: Current era of negative rates "a historic first"

Seeing how the real standard of living took a plunge after the worldwide financial crisis, it is unsurprising that the public has voted for Brexit or elected Donald Trump as President of the United States, investment guru Marc Faber said at the International CEE Investment Conference, organised by CFA Society Poland and CFA Institute last weekend. Faber expressed concern over negative interest rates, admitting he was at a loss as to what could bring the era of negative rates to an end. Another topic on the conference agenda was the growing role of politics in the global economy, and how the proliferation of political ideologies is increasingly becoming a cause for concern even to rating agencies when it comes to upgrading or downgrading a particular country.
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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.