Monday, February 6, 2017
Faber : Trump' 4% Growth Target is Completely Unrealistic
Trump is acting on his campaign promises. What will be the impact on world economy and markets?
Marc Faber : It is difficult to tell what the policies of Trump eventually will be because he is a very great talker, but I am not so sure that the implementation will be as he has promised during his campaign. Despite what he may do, the US economic expansion will be eight years old by June and the stock market bull run will be eight years old by March. We are dealing with an ageing bull market and an ageing economy that is likely to weaken rather than strengthen. Whether his policies will actually translate into strong growth is questionable. The US economy will weaken and the 4% growth target he has is completely unrealistic.
Source : Economic Times
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