Wednesday, February 8, 2017
Marc Faber : Trump is Dreaming , Protectionism cannot Make America Great Again
The dollar has been weakening of late. What is your reading?
Marc Faber : Since the end of last year, the US dollar has been weakening and I suppose that the policies of the US would rather welcome a weak dollar than a strong dollar. It is not my view that it would help the US in the long run but that of the policy maker's.Going forward, dollar assets are not the most desirable assets.
China's president recently defended globalisation, while Trump is inclined towards protectionism. What are your thoughts?
Marc Faber : If China becomes an economic superpower, I don't see anything wrong with it. Protectionism is a cancer and if the US believes that they will be great again through it, they are dreaming. Through protectionism, you actually disturb the market economy. Making America great again requires many other measures but certainly not protectionism.
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