Tuesday, January 31, 2017
In 2017 Buy Emerging Markets' Securities
The travel ban imposed by Donald Trump on citizens of seven countries will have very negative consequences for financial markets in the long term, Swiss economist and stock market guru Marc Faber said in a television interview. The U.S. risked losing its status as a safe haven.
«I think this travel ban, psychologically, will have a very negative impact in the long run on the U.S. dollar and U.S. assets,» Faber said.
Travel ban may have very negative impact on USD long-term: Faber
Marc Faber, editor and publisher of “The Gloom, Boom & Doom Report”, talks about the psychological effect of Donald Trump’s travel ban on markets and assets.
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.
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.