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Marc Faber bullish on the US dollar
Posted on 14 October 2011 with 2 comments from readers
Fifth wisest investor in the world according to a Bloomberg poll, Dr Marc Faber is bullish about the outlook for the US dollar but sees a continuation of immense volatility in financial markets.
He notes that global liquidity is tightening despite all the money printing by central banks and this is bad for asset prices and good for the US dollar. But Dr Faber reckons ’something big’ is coming up…
Posted on 14 October 2011
Categories: Banking & Finance, Bond Markets, Global Economics, Investment Gurus, US Dollar, US Stocks, Video Channel
2 Comments posted by readers:
Dear Sir,
One cannot think without truth! Marc Faber is one of the few financial people who possess truth regarding economic matters, and so he makes perfect sense.
Claude (Max)
I reckon that the USD will become strong and Asian currencies will weaken against the USD. There is no way that these strengths of the Asian currencies against the USD will hold ground as Asian countries are suffering from export losses due to currency strengths. Not good for Asia and also higher prices for those importing from the US and perhaps Europe as well.