Aug 24, 2012
When you look at the major economies, Europe, the U.S., China and the emerging markets that are dependent on China for growth, Faber, aka Dr. Doom, only sees weakness.
“Europe is already in recession,” he said.“Germany is still growing very, very slightly, but is likely to go into recession soon.”
Growth in the U.S. is also falling off. “The U.S. economy has decelerated and I don’t see much growth in the next six to 12 months,” Faber said.
This article was posted: Friday, August 24, 2012 at 2:13 am