Thursday, May 8, 2014

Marc Faber: Worried About A Crisis Bigger Than 2008

Faber reviews that:

- The real economy is not recovering
- Emerging market export growth non-existent
- There are geopolitical problems
- Total debt (corporate, government, consumer) is now 30% higher than 2008 crisis
- He believes the next move for U.S. stocks and bonds is a simultaneous decline


Faber notes that no one likes cash, and it could be the most effective asset for the next six months. The CNBC host quickly dismisses this "insane" comment by saying, "I don't want to be in cash."



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