Marc Faber (1946- )
Marc Faber, born February 28, 1946, is a Swiss investor.
Quotes·Quotation by Marc Faber
Economy
¶ The problem with Mr. Obama is that you get more regulation and it’s a disincentive for businessmen to hire people. You probably also get higher taxes, so in terms of the economy, he is very negative in my view.
Finance·Money
¶ If you are eager to invest in countries that have good corporate governance, don't invest in emerging economies.
¶ I think that interest rates in time will be much higher because the fiscal deficit will stay very elevated or even increase and that will impair the ability of the government to pay the interest. If the ability to pay the interest is impaired, there's only one way out and that is for them to print money, and so eventually you will get higher interest rates. [interview with the Daily Bell, 06/26/2011]
¶ Economics is a very complex system and is essentially human life and the behavior of humans. So to build one theory around it is probably wrong. [interview with the Daily Bell, 06/26/2011]
¶ I suppose the world will always develop but that we will always have periods where we have wars and tremendous wealth destruction, or where we have plague and where the population shrinks. I am optimistic about certain issues and pessimistic about others. [interview with the Daily Bell, 06/26/2011]
¶ Somewhere down the line we will have a massive wealth destruction that usually happens either through very high inflation or through social unrest or through war or credit market collapse. Maybe all of it will happen, but at different times. [in CNBC, 04/02/2012]
¶ I think that people should own some gold and I think that people should own some equities, because before the collapse will happen, with Mr. Bernanke at the Fed, they're going to print money and print and print and print. So what you can get is a bad economy with rising equity prices. [in CNBC, 04/02/2012]
¶ Europe is already in recession. Germany is still growing very, very slightly, but is likely to go into recession soon. The U.S. economy has decelerated and I don't see much growth in the next six to 12 months. ... I think that if you look at the injection of liquidity and the intervention by the Federal Reserve and the Treasury with fiscal measures, it has already impoverished the U.S. economy. [in CNBC, 08/23/2012]
http://en.wikipedia.org/wiki/Marc_faber
CNBC: 'Massive Wealth Destruction' Is About to Hit Investors: Faber