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.
Posted by Nicole Bourbaki