Faber indicated that while investors remain focused on Greece and Europe – other issues, bigger issues are looming. And they’re more threatening.
“As an observer of markets – whenever everyone focuses on one thing – like Greece and Europe – maybe they miss issues that are far more important – such as a meaningful slowdown in India and China.”
“As an observer of markets – whenever everyone focuses on one thing – like Greece and Europe – maybe they miss issues that are far more important – such as a meaningful slowdown in India and China.”
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“I think we could have a global recession either in Q4 or early 2013." When asked what were the odds, Faber replied, "100%."However, in the near term Faber also sees potential for a market rally.
Faber said the bullish catalyst would be Greece exiting the EU.
“I think the market would be relieved if finally Greece exited the euro
Faber said the bullish catalyst would be Greece exiting the EU.
“I think the market would be relieved if finally Greece exited the euro
Marc Faber: 100% Chance of Global Recession- Fast Money - CNBC - CNBC
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