Marc Faber appeared on Bloomberg yesterday evening, and as always he was provocative. A few points
- He sees a correction in the near-term, but a possible rally in the second half of the year. Though he doesn’t see the rally hitting new highs.
- As far as bubbles, he’s particularly concerned about US debt, and says in 5-10 years the interest rates will become a major problem.
- And in terms of currency, he thinks it’s silly to think that a weak US dollar will save our export sector. If that’s all it took, he argues, Zimbabwe and Latin America in the 80s would have been export and manufacturing powerhouses
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See Also:
- Marc Faber’s Genius Is That He Can Never Be Wrong
- Marc Faber: Treasuries Are For Idiots, Watch Out For A 10-20% Correction In Stocks Before Another Rally
- Faber: Dollar Will Rally 10% More, Stocks Will Keep Running Higher