Wikinvest Wire

Marc Faber is not optimistic

Wednesday, December 02, 2009

The Boom, Doom, and Gloomster thinks we've only seen the tip of the iceberg - something about the financial crisis not just bankrupting banks but entire countries.

Oh well. The good news is that he thinks central bank money printing all around the world should carry us through the next six months or so, maybe even another year.

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Anonymous said...

So Marc thinks emerging markets are the place to be. The IMF estimates that emerging markets will be 50% of world GDP by 2014, and still gaining.

A big reason for EM outperformance is low debt. The big problem for developed nations is way too much debt.

Stop printing. Let the free market set interest rates, which will balance the economy.

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