_Economy and Finance

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. - Marc Faber (1946- )

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. - Marc Faber (1946- ), CNBC, 2012.08.23

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. - Marc Faber , in CNBC, 04/02/2012 CNBC: 'Massive Wealth Destruction' Is About to Hit Investors: Faber

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. - Marc Faber , in CNBC, 04/02/2012

CNBC.com 'Massive Wealth Destruction' Is About to Hit Investors: Faber Published: Monday, 2 Apr 2012 | 8:12 AM ET By: Jeff Cox CNBC.com Senior Writer Runaway government debts have triggered uncontrolled money printing that in turn will lead to inflation that will decimate portfolios, according to the latest forecast from "Dr. Doom" Marc Faber.

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. - Marc Faber , interview with the Daily Bell, 06/26/2011 Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good

The Daily Bell Exclusive Interview Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good Sunday, June 26, 2011 – with Anthony Wile The Daily Bell is pleased to present an exclusive interview with Dr. Marc Faber. Introduction: Dr. Marc Faber was born in Zurich, Switzerland. He went to school in Geneva and Zurich and finished high school with the Matura. He studied Economics at the University of Zurich and, at the age of 24, obtained a Ph.D in Economics magna cum laude. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. Since 1973, he has lived in Hong Kong. From 1978 to February 1990, he was the Managing Director of Drexel Burnham Lambert (HK) Ltd. In June 1990, he set up his own business, MARC FABER LIMITED, which acts as an investment advisor, fund manager and broker/dealer. Dr. Faber publishes a widely read monthly investment newsletter "THE GLOOM, BOOM ...

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. - Marc Faber , interview with the Daily Bell, 06/26/2011 Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good

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. - Marc Faber , interview with the Daily Bell, 06/26/2011 Daily Bell: Marc Faber on 21st Century Investing, Why It's Too Late for the Dollar and Why Emerging Markets Look Good