Marc Faber of the Gloom, Boom & Doom Report tells CNBC's Jackie DeAngelis and the "Futures Now" traders why the U.S. economy is in trouble.
Marc Faber does see ways for investors to play global markets despite his view that the U.S. economic outlook is poor. In addition to emerging markets, India in particular, Faber says that Europe is a good investment.
"I would rather build up cash positions and eventually invest in the euro," said Faber. "I think the euro is attractive and fairly priced. I think European stocks are also relatively attractive."
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.